https://www.taxtmi.com/caselaws?id=67904 The Appellate Tribunal accepted the appeal and canceled the penalty imposed on the assessee. The Tribunal emphasized the importance of concrete evidence and proof in justifying penalties for income concealment, highlighting that mere inaccuracies may not suffice for penalty imposition. en-us Tue, 10 Dec 1985 00:00:00 +0530 Tue, 15 Mar 2011 12:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67904 The Appellate Tribunal accepted the appeal and canceled the penalty imposed on the assessee. The Tribunal emphasized the importance of concrete evidence and proof in justifying penalties for income concealment, highlighting that mere inaccuracies may not suffice for penalty imposition. Case-Laws Income Tax Tue, 10 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67904