https://www.taxtmi.com/caselaws?id=18033 The High Court dismissed the petitions, affirming the Tribunal's decision and finding no merit in referring legal questions to the High Court. Emphasizing the voluntary disclosure of income and lack of concealment, the Court upheld the penalty imposition under section 271(1)(c) of the Income-tax Act, 1961, as justified and in accordance with the law. en-us Tue, 24 Jan 1995 00:00:00 +0530 Sat, 26 Sep 2009 13:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18033 The High Court dismissed the petitions, affirming the Tribunal's decision and finding no merit in referring legal questions to the High Court. Emphasizing the voluntary disclosure of income and lack of concealment, the Court upheld the penalty imposition under section 271(1)(c) of the Income-tax Act, 1961, as justified and in accordance with the law. Case-Laws Income Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18033