https://www.taxtmi.com/caselaws?id=373780 The appellant's penalty imposition under section 271(1)(c) of the Income Tax Act was upheld by the CIT(A) due to deliberate concealment of income particulars and intentional misrepresentations regarding excess depreciation claims on leased premises. The appellant's repeated similar claims in previous years and concealment of the actual rental status of the property indicated a planned attempt to evade taxes, justifying the penalty. The appeal was dismissed, affirming the penalty imposition as appropriate given the intentional nature of the error. en-us Thu, 17 Jan 2019 00:00:00 +0530 Sat, 19 Jan 2019 07:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373780 The appellant's penalty imposition under section 271(1)(c) of the Income Tax Act was upheld by the CIT(A) due to deliberate concealment of income particulars and intentional misrepresentations regarding excess depreciation claims on leased premises. The appellant's repeated similar claims in previous years and concealment of the actual rental status of the property indicated a planned attempt to evade taxes, justifying the penalty. The appeal was dismissed, affirming the penalty imposition as appropriate given the intentional nature of the error. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373780