https://www.taxtmi.com/caselaws?id=338247 The Tribunal upheld the penalty confirmation of Rs. 8,10,638 under section 271(1)(c) by CIT(A) despite the appellant's plea for non-leviability based on intention to rectify discrepancies. The Tribunal considered the appellant's admission of bogus purchases and subsequent actions, deeming the surrender of income not voluntary. Citing precedent in Mak Data P. Ltd. Vs. Commissioner of Income Tax, the Tribunal affirmed the penalty, rejecting the appellant's arguments and dismissing the appeal. en-us Fri, 20 Jan 2017 00:00:00 +0530 Sun, 29 Jan 2017 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338247 The Tribunal upheld the penalty confirmation of Rs. 8,10,638 under section 271(1)(c) by CIT(A) despite the appellant's plea for non-leviability based on intention to rectify discrepancies. The Tribunal considered the appellant's admission of bogus purchases and subsequent actions, deeming the surrender of income not voluntary. Citing precedent in Mak Data P. Ltd. Vs. Commissioner of Income Tax, the Tribunal affirmed the penalty, rejecting the appellant's arguments and dismissing the appeal. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338247