https://www.taxtmi.com/caselaws?id=247424 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act for Assessment Years 2006-07, 2007-08, and 2008-09, finding that the Assessee had concealed income and failed to prove the omissions were genuine mistakes. The appeals were dismissed for all three years, emphasizing the need for specific findings in penalty orders and the importance of establishing genuine errors to avoid penalties under the Act. en-us Tue, 29 Apr 2014 00:00:00 +0530 Mon, 12 May 2014 10:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247424 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act for Assessment Years 2006-07, 2007-08, and 2008-09, finding that the Assessee had concealed income and failed to prove the omissions were genuine mistakes. The appeals were dismissed for all three years, emphasizing the need for specific findings in penalty orders and the importance of establishing genuine errors to avoid penalties under the Act. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247424