https://www.taxtmi.com/caselaws?id=429800 Penalty under section 271(1)(c) remains sustainable where the additions forming its basis are finally confirmed in appeal or are not carried further, and the assessee fails to rebut the findings on merits. The appellate authority had examined the additions item-wise, and the surviving additions supported the concealment penalty. The assessee's plea based on complexity of accounts was rejected because the record showed availability of professional assistance and supporting resources. On these facts, the penalty was rightly sustained. en-us Fri, 02 Sep 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429800 Penalty under section 271(1)(c) remains sustainable where the additions forming its basis are finally confirmed in appeal or are not carried further, and the assessee fails to rebut the findings on merits. The appellate authority had examined the additions item-wise, and the surviving additions supported the concealment penalty. The assessee's plea based on complexity of accounts was rejected because the record showed availability of professional assistance and supporting resources. On these facts, the penalty was rightly sustained. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429800