https://www.taxtmi.com/caselaws?id=351916 The Tribunal upheld the penalty of Rs. 1,40,000/- under Section 271(1)(c) of the Income Tax Act, finding that the revised return was not voluntary and that the assessee concealed income and furnished inaccurate particulars. The notice issued under Section 274 read with Section 271(1)(c) was deemed valid. The Tribunal's decision was pronounced on 28th November 2017. en-us Tue, 28 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351916 The Tribunal upheld the penalty of Rs. 1,40,000/- under Section 271(1)(c) of the Income Tax Act, finding that the revised return was not voluntary and that the assessee concealed income and furnished inaccurate particulars. The notice issued under Section 274 read with Section 271(1)(c) was deemed valid. The Tribunal's decision was pronounced on 28th November 2017. Case-Laws Income Tax Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351916