https://www.taxtmi.com/caselaws?id=267685 The High Court upheld the penalty imposed on a civil contractor firm under Section 271(1)(c) of the Income Tax Act, 1961 for wrong entries in account books and suppression of receipts. The Court dismissed the appeal, finding no merit in challenging the Tribunal's decision, which confirmed the penalty based on discrepancies in income declaration and under-declared receipts. The Court held that the firm's actions justified the penalty, as established by the Assessing Officer, CIT(A), and Tribunal, concluding that no substantial question of law arose. en-us Tue, 08 Sep 2015 00:00:00 +0530 Tue, 10 Nov 2015 21:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267685 The High Court upheld the penalty imposed on a civil contractor firm under Section 271(1)(c) of the Income Tax Act, 1961 for wrong entries in account books and suppression of receipts. The Court dismissed the appeal, finding no merit in challenging the Tribunal's decision, which confirmed the penalty based on discrepancies in income declaration and under-declared receipts. The Court held that the firm's actions justified the penalty, as established by the Assessing Officer, CIT(A), and Tribunal, concluding that no substantial question of law arose. Case-Laws Income Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267685