https://www.taxtmi.com/caselaws?id=58959 The penalties imposed under sections 271(1)(c) and 273(2)(c) for concealment of income and failure to furnish an estimate of advance tax for the assessment years 1979-80 and 1980-81 were upheld. The Tribunal found that the revised returns were not voluntary disclosures under the Amnesty Scheme but were filed to avoid litigation, justifying the penalties. The appeals were dismissed, affirming the penalties imposed by the Income Tax Officer and upheld by the CIT(A). en-us Wed, 24 Mar 1993 00:00:00 +0530 Thu, 07 Jul 2016 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58959 The penalties imposed under sections 271(1)(c) and 273(2)(c) for concealment of income and failure to furnish an estimate of advance tax for the assessment years 1979-80 and 1980-81 were upheld. The Tribunal found that the revised returns were not voluntary disclosures under the Amnesty Scheme but were filed to avoid litigation, justifying the penalties. The appeals were dismissed, affirming the penalties imposed by the Income Tax Officer and upheld by the CIT(A). Case-Laws Income Tax Wed, 24 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58959