https://www.taxtmi.com/caselaws?id=397907 The Tribunal upheld the penalty under section 271(1)(c) based on undisclosed sales, emphasizing accurate income reporting. The appeal was allowed after condoning the delay in filing, with directions to reassess the penalty based on reduced additions. en-us Tue, 18 Aug 2020 00:00:00 +0530 Tue, 01 Sep 2020 13:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397907 The Tribunal upheld the penalty under section 271(1)(c) based on undisclosed sales, emphasizing accurate income reporting. The appeal was allowed after condoning the delay in filing, with directions to reassess the penalty based on reduced additions. Case-Laws Income Tax Tue, 18 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397907