https://www.taxtmi.com/highlights?id=2270 Penalty u/s 271 (1)(c) - When interest income itself is not disclosed, there is no question of holding that all the facts relating to the interest income and material to the computation of income was disclosed by the assessee. Thus, the assessee in the present case has failed to discharge obligations laid upon him by Explanation 1 to section 271(1)(c).... - AT en-us Sat, 03 Dec 2011 11:47:45 +0530 Sat, 03 Dec 2011 11:47:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2270 Penalty u/s 271 (1)(c) - When interest income itself is not disclosed, there is no question of holding that all the facts relating to the interest income and material to the computation of income was disclosed by the assessee. Thus, the assessee in the present case has failed to discharge obligations laid upon him by Explanation 1 to section 271(1)(c).... - AT Highlights Income Tax Sat, 03 Dec 2011 11:47:45 +0530 https://www.taxtmi.com/highlights?id=2270