https://www.taxtmi.com/caselaws?id=384736 The Tribunal upheld the penalty under Section 271(1)(c) for concealment of income, emphasizing the lack of bona fide in the assessee's claim for set-off of business losses against income from house property. The appeal was dismissed, affirming the CIT(A)'s order and the AO's findings. The Tribunal stressed the significance of genuine claims and adherence to procedural requirements in tax disputes. en-us Tue, 30 Jul 2019 00:00:00 +0530 Thu, 22 Aug 2019 07:44:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384736 The Tribunal upheld the penalty under Section 271(1)(c) for concealment of income, emphasizing the lack of bona fide in the assessee's claim for set-off of business losses against income from house property. The appeal was dismissed, affirming the CIT(A)'s order and the AO's findings. The Tribunal stressed the significance of genuine claims and adherence to procedural requirements in tax disputes. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384736