https://www.taxtmi.com/caselaws?id=326737 The ITAT allowed the Revenue's appeal, reinstating the penalty under section 271(1)(c) of the Income Tax Act. The decision emphasized the importance of providing credible evidence in tax matters to substantiate claims and avoid penalties for concealing income. en-us Wed, 02 Mar 2016 00:00:00 +0530 Sat, 23 Apr 2016 10:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326737 The ITAT allowed the Revenue's appeal, reinstating the penalty under section 271(1)(c) of the Income Tax Act. The decision emphasized the importance of providing credible evidence in tax matters to substantiate claims and avoid penalties for concealing income. Case-Laws Income Tax Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326737