https://www.taxtmi.com/caselaws?id=68171 The Tribunal upheld the penalty for concealed income of Rs. 60,823 but canceled penalties related to other additions due to insufficient evidence. The CIT(A) reduced the penalty quantum to the minimum amount imposable of Rs. 1,31,925. The appeal by the assessee was partly allowed, and the appeal by the Revenue was dismissed. en-us Wed, 19 Jul 1995 00:00:00 +0530 Thu, 17 Mar 2011 14:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68171 The Tribunal upheld the penalty for concealed income of Rs. 60,823 but canceled penalties related to other additions due to insufficient evidence. The CIT(A) reduced the penalty quantum to the minimum amount imposable of Rs. 1,31,925. The appeal by the assessee was partly allowed, and the appeal by the Revenue was dismissed. Case-Laws Income Tax Wed, 19 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68171