https://www.taxtmi.com/caselaws?id=261045 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961, for concealment of income. It found that the assessee failed to provide a satisfactory explanation for not disclosing donations, justifying the penalties ranging from 100% to 300% of the tax sought to be evaded. The Tribunal also ruled that the CIT(A) exceeded its jurisdiction by directing the Assessing Officer to explore additions under section 115BBC, which was beyond the scope of penalty appeals. en-us Wed, 24 Jun 2015 00:00:00 +0530 Wed, 01 Jul 2015 07:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261045 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961, for concealment of income. It found that the assessee failed to provide a satisfactory explanation for not disclosing donations, justifying the penalties ranging from 100% to 300% of the tax sought to be evaded. The Tribunal also ruled that the CIT(A) exceeded its jurisdiction by directing the Assessing Officer to explore additions under section 115BBC, which was beyond the scope of penalty appeals. Case-Laws Income Tax Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261045