https://www.taxtmi.com/caselaws?id=220526 The High Court upheld the penalty imposed under Section 271(1)(C)(iii) of the Income Tax Act, 1961, dismissing the appellant's arguments challenging the penalty's justification and the alleged perversity of the impugned order. The Court found that the appellant's deliberate misrepresentation of losses and concealment of income details warranted the penalty imposition, affirming the Tribunal's decision. en-us Thu, 24 Jan 2013 00:00:00 +0530 Tue, 29 Jan 2013 06:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220526 The High Court upheld the penalty imposed under Section 271(1)(C)(iii) of the Income Tax Act, 1961, dismissing the appellant's arguments challenging the penalty's justification and the alleged perversity of the impugned order. The Court found that the appellant's deliberate misrepresentation of losses and concealment of income details warranted the penalty imposition, affirming the Tribunal's decision. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220526