https://www.taxtmi.com/caselaws?id=432100 The Tribunal dismissed the Assessee's appeal against the penalty under section 271(1)(c) of the Income Tax Act, 1961 for A.Y. 2010-11. The Assessee's consistent non-appearance, lack of reasonable cause, and failure to provide substantive grounds led to the confirmation of the penalty. The decision was supported by the Assessee's disorganized financial affairs, intentional non-disclosures, and absence of bona fides in explanations. The Tribunal upheld the levy of the penalty due to the Assessee's failure to participate in the appeal proceedings and inability to contest the penalty effectively. en-us Wed, 14 Dec 2022 00:00:00 +0530 Tue, 27 Dec 2022 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432100 The Tribunal dismissed the Assessee's appeal against the penalty under section 271(1)(c) of the Income Tax Act, 1961 for A.Y. 2010-11. The Assessee's consistent non-appearance, lack of reasonable cause, and failure to provide substantive grounds led to the confirmation of the penalty. The decision was supported by the Assessee's disorganized financial affairs, intentional non-disclosures, and absence of bona fides in explanations. The Tribunal upheld the levy of the penalty due to the Assessee's failure to participate in the appeal proceedings and inability to contest the penalty effectively. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432100