https://www.taxtmi.com/caselaws?id=64273 The Tribunal canceled the penalty for furnishing inaccurate particulars of the sale value of cylinders, finding it was a bona fide mistake and not intentional concealment of income. The penalty for the bogus claim of depreciation on computers was set aside, and the matter was remanded to the Assessing Officer for fresh consideration, with directions to allow the assessee to cross-examine deponents and rebut statements relied upon. The assessee's appeal was deemed allowed for statistical purposes. en-us Mon, 08 Apr 1996 00:00:00 +0530 Sat, 05 Feb 2011 17:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64273 The Tribunal canceled the penalty for furnishing inaccurate particulars of the sale value of cylinders, finding it was a bona fide mistake and not intentional concealment of income. The penalty for the bogus claim of depreciation on computers was set aside, and the matter was remanded to the Assessing Officer for fresh consideration, with directions to allow the assessee to cross-examine deponents and rebut statements relied upon. The assessee's appeal was deemed allowed for statistical purposes. Case-Laws Income Tax Mon, 08 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64273