https://www.taxtmi.com/highlights?id=20276 Levy of penalty @ 100% of the tax sought to be evaded u/s 271(1)(c) – one family giving gift to another family year after year, it can be said to be against human probabilities, but that may not be sufficient to hold the assessee guilty of concealment of income or furnishing of inaccurate particulars. - AT en-us Wed, 08 Oct 2014 09:44:08 +0530 Wed, 08 Oct 2014 09:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20276 Levy of penalty @ 100% of the tax sought to be evaded u/s 271(1)(c) – one family giving gift to another family year after year, it can be said to be against human probabilities, but that may not be sufficient to hold the assessee guilty of concealment of income or furnishing of inaccurate particulars. - AT Highlights Income Tax Wed, 08 Oct 2014 09:44:08 +0530 https://www.taxtmi.com/highlights?id=20276