https://www.taxtmi.com/caselaws?id=69346 The appeal for the assessment year 1971-72 was dismissed by the Tribunal due to lack of new evidence challenging previous findings. However, the penalty appeals for the years 1972-73 and 1973-74 were allowed, with the penalties for inaccurate particulars of income being canceled. The Tribunal found insufficient evidence to support the imposition of penalties, leading to a favorable outcome for the appellant in the penalty appeals. en-us Sat, 17 Apr 1982 00:00:00 +0530 Wed, 06 Apr 2011 13:01:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69346 The appeal for the assessment year 1971-72 was dismissed by the Tribunal due to lack of new evidence challenging previous findings. However, the penalty appeals for the years 1972-73 and 1973-74 were allowed, with the penalties for inaccurate particulars of income being canceled. The Tribunal found insufficient evidence to support the imposition of penalties, leading to a favorable outcome for the appellant in the penalty appeals. Case-Laws Income Tax Sat, 17 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69346