https://www.taxtmi.com/highlights?id=55889 Penalty u/s 271(1)(c) - when the assessee has not brought on record any evidence to prove the genuineness of the share premium and has also miserably failed to establish on record that there is neither any concealment or furnishing of inaccurate particulars of income, imposition of penalty under section 271(1)(c) of the Act, in our view, is justified - AT en-us Tue, 15 Dec 2020 10:35:10 +0530 Tue, 15 Dec 2020 10:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55889 Penalty u/s 271(1)(c) - when the assessee has not brought on record any evidence to prove the genuineness of the share premium and has also miserably failed to establish on record that there is neither any concealment or furnishing of inaccurate particulars of income, imposition of penalty under section 271(1)(c) of the Act, in our view, is justified - AT Highlights Income Tax Tue, 15 Dec 2020 10:35:10 +0530 https://www.taxtmi.com/highlights?id=55889