https://www.taxtmi.com/caselaws?id=176206 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act against the assessee for concealing income detected during a survey by the department. The appeal was dismissed, affirming the penalty imposition based on the lack of voluntary disclosure of income by the assessee. The Tribunal emphasized that mens rea is not necessary for imposing such penalties, citing relevant judicial precedents. en-us Wed, 13 Feb 2013 00:00:00 +0530 Wed, 16 Dec 2015 17:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176206 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act against the assessee for concealing income detected during a survey by the department. The appeal was dismissed, affirming the penalty imposition based on the lack of voluntary disclosure of income by the assessee. The Tribunal emphasized that mens rea is not necessary for imposing such penalties, citing relevant judicial precedents. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176206