https://www.taxtmi.com/caselaws?id=422347 The Appellate Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 for A.Y. 2008-09. The appellant's failure to file the return voluntarily, only doing so after receiving a notice, led to a penalty for concealing income. Despite challenging the penalty on grounds of deduction for income already assessed in the previous year, the Tribunal affirmed the penalty based on the specific addition to income, dismissing the appeal and confirming the penalty imposed by the lower authorities. en-us Wed, 27 Apr 2022 00:00:00 +0530 Thu, 12 May 2022 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422347 The Appellate Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 for A.Y. 2008-09. The appellant's failure to file the return voluntarily, only doing so after receiving a notice, led to a penalty for concealing income. Despite challenging the penalty on grounds of deduction for income already assessed in the previous year, the Tribunal affirmed the penalty based on the specific addition to income, dismissing the appeal and confirming the penalty imposed by the lower authorities. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422347