https://www.taxtmi.com/caselaws?id=397973 The court upheld the levy of penalty under Section 271(1)(c) of the Income Tax Act despite the appellant's arguments against concealment of income or furnishing inaccurate particulars. The dismissal of a previous appeal influenced the present case, leading the court to recall the judgment and dismiss the present appeal for lack of merit and overlap in issues. The judgment highlights the strict liability imposed on the assessee for any concealment or furnishing of inaccurate particulars, emphasizing the importance of clarity and consistency in legal proceedings. en-us Tue, 04 Aug 2020 00:00:00 +0530 Thu, 03 Sep 2020 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397973 The court upheld the levy of penalty under Section 271(1)(c) of the Income Tax Act despite the appellant's arguments against concealment of income or furnishing inaccurate particulars. The dismissal of a previous appeal influenced the present case, leading the court to recall the judgment and dismiss the present appeal for lack of merit and overlap in issues. The judgment highlights the strict liability imposed on the assessee for any concealment or furnishing of inaccurate particulars, emphasizing the importance of clarity and consistency in legal proceedings. Case-Laws Income Tax Tue, 04 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397973