https://www.taxtmi.com/caselaws?id=240536 The High Court upheld the penalty under Section 271(1)(c) against the appellant-assessee for the assessment year 1998-99, based on findings of concealment and furnishing inaccurate income details. The judgment emphasized legal principles governing penalty imposition and the Assessing Officer's discretion in initiating penalty proceedings during assessments. en-us Mon, 02 Dec 2013 00:00:00 +0530 Fri, 06 Dec 2013 07:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240536 The High Court upheld the penalty under Section 271(1)(c) against the appellant-assessee for the assessment year 1998-99, based on findings of concealment and furnishing inaccurate income details. The judgment emphasized legal principles governing penalty imposition and the Assessing Officer's discretion in initiating penalty proceedings during assessments. Case-Laws Income Tax Mon, 02 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240536