https://www.taxtmi.com/caselaws?id=294014 The Tribunal upheld the Revenue's appeal against the deletion of a penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was reinstated as the Tribunal found that the assessee deliberately furnished inaccurate particulars to conceal income, differing from previous judicial precedents cited. The Tribunal concluded that the penalty was justified, dismissing the cross-objection of the assessee as infructuous. en-us Thu, 31 Jan 2013 00:00:00 +0530 Mon, 15 Mar 2021 11:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294014 The Tribunal upheld the Revenue's appeal against the deletion of a penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was reinstated as the Tribunal found that the assessee deliberately furnished inaccurate particulars to conceal income, differing from previous judicial precedents cited. The Tribunal concluded that the penalty was justified, dismissing the cross-objection of the assessee as infructuous. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294014