https://www.taxtmi.com/caselaws?id=199012 The Tribunal upheld the penalty imposed under Section 271(1)(c) for concealment of income, confirming additions of Rs. 23,00,000 and Rs. 43,25,000 due to lack of evidence. The penalty order was deemed within the time limit, rejecting the contention of being time-barred. The plea of procedural unfairness was dismissed, emphasizing the independence of penalty and assessment proceedings. en-us Wed, 26 Feb 2014 00:00:00 +0530 Sat, 17 Feb 2018 06:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199012 The Tribunal upheld the penalty imposed under Section 271(1)(c) for concealment of income, confirming additions of Rs. 23,00,000 and Rs. 43,25,000 due to lack of evidence. The penalty order was deemed within the time limit, rejecting the contention of being time-barred. The plea of procedural unfairness was dismissed, emphasizing the independence of penalty and assessment proceedings. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199012