https://www.taxtmi.com/caselaws?id=59390 The Tribunal upheld the penalty imposed by the Assessing Officer under section 271(1)(c) of the IT Act for concealment of income and furnishing inaccurate particulars of income. The penalties related to long-term capital gains from the sale of flats and surrender of rights, as well as on undisclosed interest income, were confirmed. The Tribunal found that the assessee failed to prove that the penalties were unjustified, leading to the dismissal of the appeal. en-us Thu, 16 Apr 2009 00:00:00 +0530 Sat, 18 Aug 2012 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59390 The Tribunal upheld the penalty imposed by the Assessing Officer under section 271(1)(c) of the IT Act for concealment of income and furnishing inaccurate particulars of income. The penalties related to long-term capital gains from the sale of flats and surrender of rights, as well as on undisclosed interest income, were confirmed. The Tribunal found that the assessee failed to prove that the penalties were unjustified, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 16 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59390