https://www.taxtmi.com/caselaws?id=333576 The Tribunal upheld the penalty under Section 271(1)(c) against the assessee for furnishing inaccurate particulars of income by not disclosing commission earnings from accommodation entries. The penalty was deemed justified as the income addition was based on clear findings and the assessee's voluntary admission, not on estimates. The Tribunal distinguished the case from a precedent cited by the assessee, emphasizing the evidence of inaccurate particulars. The appeal was dismissed, affirming the lower authorities' decisions. en-us Tue, 30 Aug 2016 00:00:00 +0530 Tue, 18 Oct 2016 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333576 The Tribunal upheld the penalty under Section 271(1)(c) against the assessee for furnishing inaccurate particulars of income by not disclosing commission earnings from accommodation entries. The penalty was deemed justified as the income addition was based on clear findings and the assessee's voluntary admission, not on estimates. The Tribunal distinguished the case from a precedent cited by the assessee, emphasizing the evidence of inaccurate particulars. The appeal was dismissed, affirming the lower authorities' decisions. Case-Laws Income Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333576