TMI BlogPenalty u/s 271(1)(c) - even if it is assumed that concealment of the income was invented by the...Penalty u/s 271(1)(c) - even if it is assumed that concealment of the income was invented by the Assessing Officer from the details that are furnished by the assessee, that does not amount to a disclosure made by the assessee nor does it absolve the assessee from the concealment of income or furnishing of inaccurate particulars of income.- Levy of penalty confirmed - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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