https://www.taxtmi.com/caselaws?id=365255 The case involved an Income Tax Appeal against the order of the Income Tax Appellate Tribunal, Lucknow Bench 'A', regarding penalty imposition on the appellants for concealing income during the assessment year 2003-04. The Tribunal upheld the penalty, citing deliberate non-production of records as concealment of income, leading to the restoration of the penalty imposed by the Assessing Officer. The deliberate attempts by the assessee to conceal income throughout the assessment proceedings validated the penalty imposition under Section 271(1)(c) of the Income Tax Act, 1961. en-us Tue, 07 Aug 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365255 The case involved an Income Tax Appeal against the order of the Income Tax Appellate Tribunal, Lucknow Bench 'A', regarding penalty imposition on the appellants for concealing income during the assessment year 2003-04. The Tribunal upheld the penalty, citing deliberate non-production of records as concealment of income, leading to the restoration of the penalty imposed by the Assessing Officer. The deliberate attempts by the assessee to conceal income throughout the assessment proceedings validated the penalty imposition under Section 271(1)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365255