https://www.taxtmi.com/caselaws?id=418675 The court dismissed all tax case appeals, upholding penalties imposed under section 271(1)(c) of the Income Tax Act due to concealment of income through fictitious claims. The penalties were confirmed by appellate authorities, emphasizing the history of tax evasion and deliberate concealment by the assesses. The court cited the burden on the assessee to prove no concealment of income, as highlighted in the Mak Data (P) Ltd. v. CIT case, and found the penalties lawful and valid. The appellants' failure to explain during penalty proceedings led to the affirmation of penalties without costs awarded. en-us Tue, 08 Feb 2022 00:00:00 +0530 Tue, 22 Feb 2022 07:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418675 The court dismissed all tax case appeals, upholding penalties imposed under section 271(1)(c) of the Income Tax Act due to concealment of income through fictitious claims. The penalties were confirmed by appellate authorities, emphasizing the history of tax evasion and deliberate concealment by the assesses. The court cited the burden on the assessee to prove no concealment of income, as highlighted in the Mak Data (P) Ltd. v. CIT case, and found the penalties lawful and valid. The appellants' failure to explain during penalty proceedings led to the affirmation of penalties without costs awarded. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418675