Penalty Upheld u/s 271(1)(c) Due to Non-Voluntary Surrender and Unexplained Income Discrepancy by Assessee.

Penalty Upheld u/s 271(1)(c) Due to Non-Voluntary Surrender and Unexplained Income Discrepancy by Assessee. https://www.taxtmi.com/highlights?id=5786 Penalty u/s 271(1)(c) - surrender was not voluntary - assessee failed to explain the difference between the assessed income and returned income - penalty confirmed - AT en-us Sat, 13 Oct 2012 13:18:20 +0530 Sat, 13 Oct 2012 13:18:20 +0530 TaxTMI RSS Generator Penalty Upheld u/s 271(1)(c) Due to Non-Voluntary Surrender and Unexplained Income Discrepancy by Assessee. https://www.taxtmi.com/highlights?id=5786 Penalty u/s 271(1)(c) - surrender was not voluntary - assessee failed to explain the difference between the assessed income and returned income - penalty confirmed - AT Highlights Income Tax Sat, 13 Oct 2012 13:18:20 +0530 https://www.taxtmi.com/highlights?id=5786