https://www.taxtmi.com/caselaws?id=424166 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, on the assessee for concealing income despite the Commissioner of Income Tax (Appeals) deleting the additions made by the Assessing Officer. The Tribunal found the disclosure not voluntary and upheld the penalty, dismissing arguments regarding the timing of penalty imposition and abatement of the original return after filing a revised return. The appeal was ultimately dismissed, and the penalty was upheld based on evidence of income concealment. en-us Mon, 06 Jun 2022 00:00:00 +0530 Thu, 23 Jun 2022 09:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424166 The Tribunal upheld the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, on the assessee for concealing income despite the Commissioner of Income Tax (Appeals) deleting the additions made by the Assessing Officer. The Tribunal found the disclosure not voluntary and upheld the penalty, dismissing arguments regarding the timing of penalty imposition and abatement of the original return after filing a revised return. The appeal was ultimately dismissed, and the penalty was upheld based on evidence of income concealment. Case-Laws Income Tax Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424166