https://www.taxtmi.com/caselaws?id=427462 The Appellate Tribunal allowed the Revenue's appeal and restored the penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2010-11. The Tribunal upheld the penalty imposed by the Assessing Officer, emphasizing that it was justified for concealment of income due to the non-filing of the return of income. The Tribunal disagreed with the CIT(A)'s decision and ruled in favor of the Revenue, highlighting that the penalty under section 271(1)(c) was appropriate in this case. en-us Wed, 07 Sep 2022 00:00:00 +0530 Fri, 09 Sep 2022 07:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427462 The Appellate Tribunal allowed the Revenue's appeal and restored the penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2010-11. The Tribunal upheld the penalty imposed by the Assessing Officer, emphasizing that it was justified for concealment of income due to the non-filing of the return of income. The Tribunal disagreed with the CIT(A)'s decision and ruled in favor of the Revenue, highlighting that the penalty under section 271(1)(c) was appropriate in this case. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427462