https://www.taxtmi.com/caselaws?id=178034 The Tribunal upheld the penalty under Section 271(1)(c) read with Explanation 5A, finding it justified as the additional income declared in response to the notice under Section 153A was not disclosed in the original return. The Tribunal also confirmed the recording of satisfaction by the Assessing Officer for penalty initiation and dismissed the appeal, concluding that the penalty was valid and applicable in this case. en-us Wed, 31 Oct 2012 00:00:00 +0530 Wed, 24 Jan 2018 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178034 The Tribunal upheld the penalty under Section 271(1)(c) read with Explanation 5A, finding it justified as the additional income declared in response to the notice under Section 153A was not disclosed in the original return. The Tribunal also confirmed the recording of satisfaction by the Assessing Officer for penalty initiation and dismissed the appeal, concluding that the penalty was valid and applicable in this case. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178034