Penalty Imposed for Concealment of Income u/s 271(1)(c) of Income Tax Act Due to Undisclosed Bank Accounts.
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....Penalty u/s 271(1)(c) - conscious concealment of facts by the assessee - non disclosure of bank accounts in which cash was deposited - assessee deliberately concealed his income/furnished inaccurate particulars of such income - AT....


TaxTMI
TaxTMI