https://www.taxtmi.com/caselaws?id=219197 The court upheld the penalty under Section 271(1)(c) of the Income Tax Act 1961 for the assessment year 1989-90, rejecting the appellant's challenges and affirming the imposition of penalty based on inaccurate particulars of income, specifically related to service charges paid to a sister concern. The court emphasized the manipulation of accounts by the appellant to reduce profits, leading to a lower taxable income. Despite the appellant's arguments and previous orders, the court found no substantial question of law and dismissed the appeal without costs. en-us Tue, 20 Nov 2012 00:00:00 +0530 Fri, 07 Dec 2012 22:17:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219197 The court upheld the penalty under Section 271(1)(c) of the Income Tax Act 1961 for the assessment year 1989-90, rejecting the appellant's challenges and affirming the imposition of penalty based on inaccurate particulars of income, specifically related to service charges paid to a sister concern. The court emphasized the manipulation of accounts by the appellant to reduce profits, leading to a lower taxable income. Despite the appellant's arguments and previous orders, the court found no substantial question of law and dismissed the appeal without costs. Case-Laws Income Tax Tue, 20 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219197