https://www.taxtmi.com/caselaws?id=355558 The High Court upheld the decisions of lower authorities in a case involving penalties under section 271(1)(c) of the Income Tax Act. The respondent, a property dealer, met all conditions for immunity from penalties by admitting income post a search, specifying its source, and paying taxes with interest. The court found the belated tax payment did not violate the clause and dismissed the appeals, concluding that no substantial question of law arose. en-us Fri, 02 Feb 2018 00:00:00 +0530 Thu, 15 Feb 2018 09:24:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355558 The High Court upheld the decisions of lower authorities in a case involving penalties under section 271(1)(c) of the Income Tax Act. The respondent, a property dealer, met all conditions for immunity from penalties by admitting income post a search, specifying its source, and paying taxes with interest. The court found the belated tax payment did not violate the clause and dismissed the appeals, concluding that no substantial question of law arose. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355558