https://www.taxtmi.com/caselaws?id=217915 The Tribunal upheld the penalty imposed under section 271(1)(c) for non-disclosure of additional income by the appellant. Despite the appellant's argument of unintentional errors rectified during assessment proceedings, the Tribunal deemed the non-disclosure as not bona fide, as the income was declared only after scrutiny and specific queries from the Assessing Officer. Emphasizing the importance of bona fide claims and penalties to deter tax evasion, the Tribunal dismissed the appeal and affirmed the penalty, citing a Delhi High Court decision. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 30 Oct 2012 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217915 The Tribunal upheld the penalty imposed under section 271(1)(c) for non-disclosure of additional income by the appellant. Despite the appellant's argument of unintentional errors rectified during assessment proceedings, the Tribunal deemed the non-disclosure as not bona fide, as the income was declared only after scrutiny and specific queries from the Assessing Officer. Emphasizing the importance of bona fide claims and penalties to deter tax evasion, the Tribunal dismissed the appeal and affirmed the penalty, citing a Delhi High Court decision. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217915