https://www.taxtmi.com/caselaws?id=255496 The Tribunal upheld the Commissioner of Income Tax (Appeals) order, confirming the penalty under section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 14,99,400. The appeal was dismissed as the assessee failed to provide a bona fide explanation, leading to the conclusion that inaccurate particulars of income were furnished to evade tax. The decision was rendered on 17.9.2014. en-us Wed, 17 Sep 2014 00:00:00 +0530 Mon, 19 Jan 2015 08:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255496 The Tribunal upheld the Commissioner of Income Tax (Appeals) order, confirming the penalty under section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 14,99,400. The appeal was dismissed as the assessee failed to provide a bona fide explanation, leading to the conclusion that inaccurate particulars of income were furnished to evade tax. The decision was rendered on 17.9.2014. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255496