https://www.taxtmi.com/caselaws?id=243214 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant against the penalty order imposed under section 271(1)(c) for concealing income. The Tribunal emphasized the lack of evidence supporting the claimed expenses and highlighted the importance of substantiating explanations. Citing the possibility of differing views by appellate authorities and following precedent, the Tribunal held that the penalty was not applicable in this case, ultimately ruling in favor of the appellant. en-us Thu, 08 Aug 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243214 The Tribunal allowed the appellant's appeal, ruling in favor of the appellant against the penalty order imposed under section 271(1)(c) for concealing income. The Tribunal emphasized the lack of evidence supporting the claimed expenses and highlighted the importance of substantiating explanations. Citing the possibility of differing views by appellate authorities and following precedent, the Tribunal held that the penalty was not applicable in this case, ultimately ruling in favor of the appellant. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243214