https://www.taxtmi.com/caselaws?id=434082 SC dismissed the special leave petition and upheld penalty under section 271(1)(c). HC, AO and the Appellate Authority had found that the assessee furnished inaccurate particulars by fabricating cash sales to cloak unaccounted income and wrongfully claim exemption under section 80-IC; the Tribunal's order deleting the penalty was set aside. The SC declined to interfere with the concurrent factual findings and maintained the penalty levy. en-us Mon, 13 Feb 2023 00:00:00 +0530 Mon, 08 Jun 2026 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434082 SC dismissed the special leave petition and upheld penalty under section 271(1)(c). HC, AO and the Appellate Authority had found that the assessee furnished inaccurate particulars by fabricating cash sales to cloak unaccounted income and wrongfully claim exemption under section 80-IC; the Tribunal's order deleting the penalty was set aside. The SC declined to interfere with the concurrent factual findings and maintained the penalty levy. Case-Laws Income Tax Mon, 13 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434082