https://www.taxtmi.com/caselaws?id=269671 The court upheld the penalty imposition under Section 271(1)(c) on estimated brokerage income, finding clear concealment of income by the appellant, who failed to demonstrate errors in the authorities' conclusions. The judgment emphasized the necessity of conscious concealment or furnishing inaccurate particulars to justify penalties, which was evident in this case. The appeals were dismissed, affirming the penalty imposition due to the appellant's actions and financial activities indicating deliberate concealment of income. en-us Mon, 19 Oct 2015 00:00:00 +0530 Thu, 07 May 2026 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269671 The court upheld the penalty imposition under Section 271(1)(c) on estimated brokerage income, finding clear concealment of income by the appellant, who failed to demonstrate errors in the authorities' conclusions. The judgment emphasized the necessity of conscious concealment or furnishing inaccurate particulars to justify penalties, which was evident in this case. The appeals were dismissed, affirming the penalty imposition due to the appellant's actions and financial activities indicating deliberate concealment of income. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269671