https://www.taxtmi.com/caselaws?id=171128 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 for concealing particulars of income. The appellant's revised return was deemed non-est due to concealment, as evidenced by bogus entries and expenses. Despite the appellant's arguments of full disclosure, the Tribunal affirmed the penalty, citing the appellant's awareness of false statements and substantial turnover. The Tribunal's decision aligned with legal principles, justifying the penalty for concealment and dismissing the appeal. en-us Tue, 11 Dec 2012 00:00:00 +0530 Tue, 06 Jun 2023 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171128 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 for concealing particulars of income. The appellant's revised return was deemed non-est due to concealment, as evidenced by bogus entries and expenses. Despite the appellant's arguments of full disclosure, the Tribunal affirmed the penalty, citing the appellant's awareness of false statements and substantial turnover. The Tribunal's decision aligned with legal principles, justifying the penalty for concealment and dismissing the appeal. Case-Laws Income Tax Tue, 11 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171128