https://www.taxtmi.com/caselaws?id=429649 The appeal against the penalty imposed under Section 271(1)(c) of the Income Tax Act for concealing income intentionally by providing inaccurate particulars to avoid tax liabilities was dismissed. The appellant's claims for deductions under Sections 54F and 54EC were found to be incorrect and unsupported by evidence. The appellant's misrepresentation of facts and attempts to evade tax obligations through false claims led to the imposition of the penalty, which was upheld by the authorities. The order confirming the penalty was issued on 31/10/2022. en-us Mon, 31 Oct 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:12:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429649 The appeal against the penalty imposed under Section 271(1)(c) of the Income Tax Act for concealing income intentionally by providing inaccurate particulars to avoid tax liabilities was dismissed. The appellant's claims for deductions under Sections 54F and 54EC were found to be incorrect and unsupported by evidence. The appellant's misrepresentation of facts and attempts to evade tax obligations through false claims led to the imposition of the penalty, which was upheld by the authorities. The order confirming the penalty was issued on 31/10/2022. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429649