https://www.taxtmi.com/caselaws?id=382739 The Tribunal upheld the penalty imposed under section 271(1)(c) by the Assessing Officer and upheld by the CIT(A), citing the appellant's non-cooperation and failure to provide explanations or attend proceedings. The penalty of Rs. 3,88,549, representing 100% of the tax sought to be evaded, was upheld due to the appellant's lack of cooperation and failure to disclose income sources, despite judicial precedents supporting the penalty imposition. The Tribunal dismissed the appeal filed by the assessee on 08.07.2019, affirming the penalty imposition. en-us Mon, 08 Jul 2019 00:00:00 +0530 Tue, 09 Jul 2019 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382739 The Tribunal upheld the penalty imposed under section 271(1)(c) by the Assessing Officer and upheld by the CIT(A), citing the appellant's non-cooperation and failure to provide explanations or attend proceedings. The penalty of Rs. 3,88,549, representing 100% of the tax sought to be evaded, was upheld due to the appellant's lack of cooperation and failure to disclose income sources, despite judicial precedents supporting the penalty imposition. The Tribunal dismissed the appeal filed by the assessee on 08.07.2019, affirming the penalty imposition. Case-Laws Income Tax Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382739