https://www.taxtmi.com/caselaws?id=244646 The Tribunal dismissed the Assessee's appeals on the issues of unaccounted receipts, disallowance under Section 40A(3), disallowance of interest on advances, and rectification under Section 154. However, it allowed the appeal regarding the penalty under Section 271(1)(c), directing its deletion. The Tribunal emphasized the need for conclusive evidence of concealment in penalty proceedings separate from assessment proceedings. en-us Fri, 21 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244646 The Tribunal dismissed the Assessee's appeals on the issues of unaccounted receipts, disallowance under Section 40A(3), disallowance of interest on advances, and rectification under Section 154. However, it allowed the appeal regarding the penalty under Section 271(1)(c), directing its deletion. The Tribunal emphasized the need for conclusive evidence of concealment in penalty proceedings separate from assessment proceedings. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244646