https://www.taxtmi.com/caselaws?id=174507 The ITAT confirmed the penalty imposed under section 271(1)(c) for the appellant's failure to disclose additional income of Rs. 40,00,000 in the return filed in response to a notice under section 153A. The non-disclosure was deemed intentional and not voluntary, as it occurred after the detection of undisclosed income during a search and seizure operation. The penalty was upheld by the CIT(A) and ultimately the appeal was dismissed, affirming the penalty. en-us Wed, 04 May 2011 00:00:00 +0530 Fri, 09 Oct 2015 12:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174507 The ITAT confirmed the penalty imposed under section 271(1)(c) for the appellant's failure to disclose additional income of Rs. 40,00,000 in the return filed in response to a notice under section 153A. The non-disclosure was deemed intentional and not voluntary, as it occurred after the detection of undisclosed income during a search and seizure operation. The penalty was upheld by the CIT(A) and ultimately the appeal was dismissed, affirming the penalty. Case-Laws Income Tax Wed, 04 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174507