https://www.taxtmi.com/caselaws?id=294601 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act, 1961, due to deliberate non-disclosure of income and failure to prove the genuineness of credits. The assessee's lack of cooperation and non-compliance with statutory notices led to the dismissal of the appeal, with the Tribunal affirming the penalty for concealment of income. en-us Tue, 31 Jul 2018 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294601 The Tribunal upheld the penalty under section 271(1)(c) of the Income Tax Act, 1961, due to deliberate non-disclosure of income and failure to prove the genuineness of credits. The assessee's lack of cooperation and non-compliance with statutory notices led to the dismissal of the appeal, with the Tribunal affirming the penalty for concealment of income. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294601