https://www.taxtmi.com/caselaws?id=61019 The Tribunal upheld the penalty imposed by the ITO and confirmed by the AAC under section 271(1)(c) of the Income-tax Act, 1961, finding that the assessee had concealed income by furnishing inaccurate particulars. The decision was based on the assessee's failure to provide additional evidence during penalty proceedings, with the Tribunal deeming the penalty justified due to substantial evidence gathered during assessment. The appeal was dismissed, affirming the penalty imposition. en-us Thu, 29 Mar 1984 00:00:00 +0530 Mon, 10 Jan 2011 13:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61019 The Tribunal upheld the penalty imposed by the ITO and confirmed by the AAC under section 271(1)(c) of the Income-tax Act, 1961, finding that the assessee had concealed income by furnishing inaccurate particulars. The decision was based on the assessee's failure to provide additional evidence during penalty proceedings, with the Tribunal deeming the penalty justified due to substantial evidence gathered during assessment. The appeal was dismissed, affirming the penalty imposition. Case-Laws Income Tax Thu, 29 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61019