https://www.taxtmi.com/highlights?id=27139 Penalty u/s 271(1)(c) - assessee did not establish the nexus between the borrowed funds and the investment so made with a clear intention to conceal the income by furnishing inaccurate particulars of such income, therefore, in our view, penalty was rightly imposed - AT en-us Mon, 01 Feb 2016 13:26:28 +0530 Mon, 01 Feb 2016 13:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27139 Penalty u/s 271(1)(c) - assessee did not establish the nexus between the borrowed funds and the investment so made with a clear intention to conceal the income by furnishing inaccurate particulars of such income, therefore, in our view, penalty was rightly imposed - AT Highlights Income Tax Mon, 01 Feb 2016 13:26:28 +0530 https://www.taxtmi.com/highlights?id=27139