https://www.taxtmi.com/caselaws?id=9967 The Tribunal upheld the penalty under section 271(1)(c) of the Income-tax Act, citing non-disclosure of income, failure to file returns on time, and non-payment of taxes. The appellant's challenges on conditional surrender, mistaken belief, tax liability adjustment, and erroneous interpretation were dismissed, leading to the penalty imposition. en-us Fri, 26 May 2006 00:00:00 +0530 Sat, 04 Jul 2009 09:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9967 The Tribunal upheld the penalty under section 271(1)(c) of the Income-tax Act, citing non-disclosure of income, failure to file returns on time, and non-payment of taxes. The appellant's challenges on conditional surrender, mistaken belief, tax liability adjustment, and erroneous interpretation were dismissed, leading to the penalty imposition. Case-Laws Income Tax Fri, 26 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9967