https://www.taxtmi.com/caselaws?id=70882 The Tribunal held that the penalties imposed for all the years were not sustainable as the Department failed to prove deliberate concealment of income. The appeals filed by the assessee were allowed, and the penalties were canceled. The Tribunal emphasized that relying solely on the assessee's voluntary disclosure without further investigation was insufficient to justify the penalties' imposition. en-us Mon, 07 Sep 1992 00:00:00 +0530 Tue, 19 Apr 2011 18:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70882 The Tribunal held that the penalties imposed for all the years were not sustainable as the Department failed to prove deliberate concealment of income. The appeals filed by the assessee were allowed, and the penalties were canceled. The Tribunal emphasized that relying solely on the assessee's voluntary disclosure without further investigation was insufficient to justify the penalties' imposition. Case-Laws Income Tax Mon, 07 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70882