https://www.taxtmi.com/caselaws?id=180536 The Tribunal confirmed penalties under section 271(1)(c) of the Income Tax Act, 1961, as the surrender of income was not voluntary but due to detection of concealment. The genuineness of the gift received was not proven, and the assessee failed to establish the donor's creditworthiness. Despite opportunities, the assessee did not meet the burden of proof. The lack of cross-examination did not invalidate penalty proceedings. The Tribunal dismissed both appeals, upholding penalties for willful income concealment and inaccurate particulars under section 271(1)(c) of the Act. en-us Thu, 06 Aug 2015 00:00:00 +0530 Tue, 29 Mar 2016 10:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180536 The Tribunal confirmed penalties under section 271(1)(c) of the Income Tax Act, 1961, as the surrender of income was not voluntary but due to detection of concealment. The genuineness of the gift received was not proven, and the assessee failed to establish the donor's creditworthiness. Despite opportunities, the assessee did not meet the burden of proof. The lack of cross-examination did not invalidate penalty proceedings. The Tribunal dismissed both appeals, upholding penalties for willful income concealment and inaccurate particulars under section 271(1)(c) of the Act. Case-Laws Income Tax Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180536