https://www.taxtmi.com/caselaws?id=207201 The Tribunal upheld the CIT(A)'s decision to confirm the penalty at the rate of 100 percent of the tax sought to be evaded for both assessment years 2000-01 and 2001-02, dismissing the appeals filed by the assessee. The Tribunal found no merit in the assessee's arguments and concluded that the concealment penalty was rightly levied. en-us Fri, 05 Feb 2010 00:00:00 +0530 Tue, 14 Aug 2012 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207201 The Tribunal upheld the CIT(A)'s decision to confirm the penalty at the rate of 100 percent of the tax sought to be evaded for both assessment years 2000-01 and 2001-02, dismissing the appeals filed by the assessee. The Tribunal found no merit in the assessee's arguments and concluded that the concealment penalty was rightly levied. Case-Laws Income Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207201