https://www.taxtmi.com/caselaws?id=71859 The Tribunal found the penalty imposed under section 158BFA(2) of the IT Act unjustified as there was no difference between the declared and assessed undisclosed income. Emphasizing that penalizing in such a scenario would be unjust, the Tribunal directed the deletion of the penalty, accepting the appeal of the assessee. en-us Mon, 24 Mar 2003 00:00:00 +0530 Wed, 20 Jun 2012 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71859 The Tribunal found the penalty imposed under section 158BFA(2) of the IT Act unjustified as there was no difference between the declared and assessed undisclosed income. Emphasizing that penalizing in such a scenario would be unjust, the Tribunal directed the deletion of the penalty, accepting the appeal of the assessee. Case-Laws Income Tax Mon, 24 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71859