TMI BlogPenalty Confirmed for Concealment of Income by Hindu Undivided Family u/s 271(1)(c) for Inaccurate Tax Reporting.Penalty under section 271(1)(c) - there is concealment of income from the HUF, i.e., knowingly the assessee furnished inaccurate particulars of income for computation of tax - 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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