https://www.taxtmi.com/caselaws?id=381622 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to consistent charges of concealment of income and furnishing inaccurate particulars of income from initiation to imposition. The penalty was deemed valid based on the unaccounted sales leading to short stock, as confirmed by the CIT(A) and ITAT. The appeal challenging the penalty imposition was dismissed, affirming the legality of the penalty order. en-us Tue, 11 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381622 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to consistent charges of concealment of income and furnishing inaccurate particulars of income from initiation to imposition. The penalty was deemed valid based on the unaccounted sales leading to short stock, as confirmed by the CIT(A) and ITAT. The appeal challenging the penalty imposition was dismissed, affirming the legality of the penalty order. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381622