https://www.taxtmi.com/caselaws?id=65408 The ITAT dismissed the Revenue's appeal, affirming the deletion of the penalty imposed under section 271(1)(c) for the assessment year 1997-98. The CIT(A) found no justification for the concealment penalty, citing lack of proper opportunities given by the AO and lack of clear evidence of concealment. The ITAT upheld the CIT(A)'s decision, noting the absence of clear satisfaction of concealment in the assessment order as required by law. en-us Fri, 12 Oct 2007 00:00:00 +0530 Tue, 15 Feb 2011 15:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65408 The ITAT dismissed the Revenue's appeal, affirming the deletion of the penalty imposed under section 271(1)(c) for the assessment year 1997-98. The CIT(A) found no justification for the concealment penalty, citing lack of proper opportunities given by the AO and lack of clear evidence of concealment. The ITAT upheld the CIT(A)'s decision, noting the absence of clear satisfaction of concealment in the assessment order as required by law. Case-Laws Income Tax Fri, 12 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65408