https://www.taxtmi.com/caselaws?id=330246 The Tribunal upheld the penalty of Rs. 1,45,089 imposed under Section 271(1)(c) of the Income Tax Act, agreeing that the revised return was not voluntary but a result of the Revenue's detection of a bogus gift. The appeal by the assessee was dismissed, confirming the penalty. en-us Wed, 13 Jul 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330246 The Tribunal upheld the penalty of Rs. 1,45,089 imposed under Section 271(1)(c) of the Income Tax Act, agreeing that the revised return was not voluntary but a result of the Revenue's detection of a bogus gift. The appeal by the assessee was dismissed, confirming the penalty. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330246