https://www.taxtmi.com/caselaws?id=776641 The ITAT Mumbai upheld the penalty under section 271(1)(c) against the assessee for furnishing inaccurate particulars of income. The assessee, a non-filer, filed the return only in response to a notice under section 148 and underreported income from house property by Rs. 4,37,187. The concealment was detected by revenue, and the assessee failed to disclose the income voluntarily or fully in the return filed. Given the assessee was otherwise required to file under section 139(1), the penalty was justified. The appellate order imposing the penalty was affirmed, resulting in a decision against the assessee. en-us Fri, 25 Jul 2025 00:00:00 +0530 Thu, 14 Aug 2025 08:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776641 The ITAT Mumbai upheld the penalty under section 271(1)(c) against the assessee for furnishing inaccurate particulars of income. The assessee, a non-filer, filed the return only in response to a notice under section 148 and underreported income from house property by Rs. 4,37,187. The concealment was detected by revenue, and the assessee failed to disclose the income voluntarily or fully in the return filed. Given the assessee was otherwise required to file under section 139(1), the penalty was justified. The appellate order imposing the penalty was affirmed, resulting in a decision against the assessee. Case-Laws Income Tax Fri, 25 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776641