https://www.taxtmi.com/caselaws?id=389373 The ITAT affirmed the penalty imposed under section 271(1)(c) for concealment of income and non-disclosure of material facts related to penalty expenses on excise duty. The appellant's arguments regarding fair opportunity, consideration of replies, nature of penalty expenses, recording of satisfaction, and non-appearance were dismissed, upholding the penalty imposed by the Ld. CIT(A) and AO. The ITAT found no grounds to interfere with the decision and confirmed the penalty. en-us Wed, 30 Oct 2019 00:00:00 +0530 Thu, 05 Dec 2019 19:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389373 The ITAT affirmed the penalty imposed under section 271(1)(c) for concealment of income and non-disclosure of material facts related to penalty expenses on excise duty. The appellant's arguments regarding fair opportunity, consideration of replies, nature of penalty expenses, recording of satisfaction, and non-appearance were dismissed, upholding the penalty imposed by the Ld. CIT(A) and AO. The ITAT found no grounds to interfere with the decision and confirmed the penalty. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389373