https://www.taxtmi.com/caselaws?id=382014 The Tribunal upheld the penalty of Rs. 1,28,128 under Section 271(1)(c) of the Income Tax Act, 1961, for both "concealment of income" and "furnishing inaccurate particulars of income." The penalty was deemed legally imposed as the charge was consistent throughout the proceedings, and concrete evidence of unaccounted sales supported the penalty. The Tribunal rejected the argument that the penalty was based on estimated additions, emphasizing that it was grounded in specific unaccounted sales discovered during a survey. en-us Thu, 20 Jun 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382014 The Tribunal upheld the penalty of Rs. 1,28,128 under Section 271(1)(c) of the Income Tax Act, 1961, for both "concealment of income" and "furnishing inaccurate particulars of income." The penalty was deemed legally imposed as the charge was consistent throughout the proceedings, and concrete evidence of unaccounted sales supported the penalty. The Tribunal rejected the argument that the penalty was based on estimated additions, emphasizing that it was grounded in specific unaccounted sales discovered during a survey. Case-Laws Income Tax Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382014