https://www.taxtmi.com/caselaws?id=36137 The Tribunal upheld the penalty order under section 271(1)(c) against the assessee for failing to disclose accurate income and using inaccurate particulars to conceal income. Despite reducing the quantum of escaped income, the Tribunal maintained the penalty amount, which was deemed incorrect. A recomputation of the penalty amount was ordered, with each party bearing its own costs. en-us Mon, 07 Jul 1980 00:00:00 +0530 Fri, 19 Mar 2010 15:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36137 The Tribunal upheld the penalty order under section 271(1)(c) against the assessee for failing to disclose accurate income and using inaccurate particulars to conceal income. Despite reducing the quantum of escaped income, the Tribunal maintained the penalty amount, which was deemed incorrect. A recomputation of the penalty amount was ordered, with each party bearing its own costs. Case-Laws Income Tax Mon, 07 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36137