https://www.taxtmi.com/caselaws?id=468706 Penalty under section 271(1)(c) was upheld where assessees failed to file returns, undisclosed rent receipts came to light only after investigation and notice under section 148, and the quantum additions had attained finality. The record showed regular monthly rent receipts that were not disclosed for several years, and the explanations of ignorance, confusion over the character of income, and bona fides were rejected as unsupported by the conduct and facts. The repeated non-disclosure was treated as deliberate suppression and conscious concealment, supporting penalty for concealment of income and furnishing inaccurate particulars. en-us Mon, 28 Apr 2014 00:00:00 +0530 Mon, 18 May 2026 17:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468706 Penalty under section 271(1)(c) was upheld where assessees failed to file returns, undisclosed rent receipts came to light only after investigation and notice under section 148, and the quantum additions had attained finality. The record showed regular monthly rent receipts that were not disclosed for several years, and the explanations of ignorance, confusion over the character of income, and bona fides were rejected as unsupported by the conduct and facts. The repeated non-disclosure was treated as deliberate suppression and conscious concealment, supporting penalty for concealment of income and furnishing inaccurate particulars. Case-Laws Income Tax Mon, 28 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468706