https://www.taxtmi.com/caselaws?id=217781 The Tribunal held that the assessee's failure to declare a receipt as income in the return constituted furnishing inaccurate particulars of income, attracting penalty under section 271(1)(c) of the Income Tax Act. The first appellate order deleting the penalty was set aside, and the penalty of Rs. 1,43,33,963/- was reinstated. The revenue's appeal was allowed, with the decision pronounced on 15/10/2012. en-us Mon, 15 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217781 The Tribunal held that the assessee's failure to declare a receipt as income in the return constituted furnishing inaccurate particulars of income, attracting penalty under section 271(1)(c) of the Income Tax Act. The first appellate order deleting the penalty was set aside, and the penalty of Rs. 1,43,33,963/- was reinstated. The revenue's appeal was allowed, with the decision pronounced on 15/10/2012. Case-Laws Income Tax Mon, 15 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217781