https://www.taxtmi.com/caselaws?id=411775 The Tribunal upheld the penalty levied under Section 271(1)(c) of the Income Tax Act, finding that the assessee's failure to file returns voluntarily and subsequent admission of income post-investigation constituted concealment. Procedural objections regarding jurisdiction, specific charge, and satisfaction were dismissed based on judicial precedents. The appeals for both assessment years were dismissed, affirming the penalties imposed by the Assessing Officer. en-us Wed, 18 Aug 2021 00:00:00 +0530 Fri, 03 Sep 2021 09:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411775 The Tribunal upheld the penalty levied under Section 271(1)(c) of the Income Tax Act, finding that the assessee's failure to file returns voluntarily and subsequent admission of income post-investigation constituted concealment. Procedural objections regarding jurisdiction, specific charge, and satisfaction were dismissed based on judicial precedents. The appeals for both assessment years were dismissed, affirming the penalties imposed by the Assessing Officer. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411775