https://www.taxtmi.com/caselaws?id=252086 The Tribunal upheld the penalty of Rs. 17,50,320 imposed under Section 271(1)(c) of the Income Tax Act, finding that the assessee concealed income and furnished inaccurate particulars. The surrender of income was deemed not voluntary but a result of scrutiny. The Tribunal dismissed the appeal, confirming the penalty imposed by the Assessing Officer and upheld by the First Appellate Authority. en-us Wed, 17 Sep 2014 00:00:00 +0530 Fri, 10 Oct 2014 06:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252086 The Tribunal upheld the penalty of Rs. 17,50,320 imposed under Section 271(1)(c) of the Income Tax Act, finding that the assessee concealed income and furnished inaccurate particulars. The surrender of income was deemed not voluntary but a result of scrutiny. The Tribunal dismissed the appeal, confirming the penalty imposed by the Assessing Officer and upheld by the First Appellate Authority. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252086