https://www.taxtmi.com/caselaws?id=368520 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, on the Assessee for concealment of income. The Tribunal found that the Assessee failed to prove the bona fide nature of the omission regarding interest income, leading to the dismissal of the Assessee's appeal. The order of the Ld. CIT(A) imposing the penalty was affirmed by the Tribunal. en-us Fri, 27 Jul 2018 00:00:00 +0530 Wed, 10 Oct 2018 09:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368520 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, on the Assessee for concealment of income. The Tribunal found that the Assessee failed to prove the bona fide nature of the omission regarding interest income, leading to the dismissal of the Assessee's appeal. The order of the Ld. CIT(A) imposing the penalty was affirmed by the Tribunal. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368520