https://www.taxtmi.com/caselaws?id=248177 The Court dismissed the Tax Appeal, ruling that no penalty could be imposed when the tax liability remained unchanged despite the discovery of concealed income. The Court emphasized that the assessee continued to pay tax under section 115JB, and the concealed income did not lead to tax evasion, aligning with a precedent set by a judgment of the Delhi High Court in a similar case. en-us Mon, 05 May 2014 00:00:00 +0530 Wed, 04 Jun 2014 08:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248177 The Court dismissed the Tax Appeal, ruling that no penalty could be imposed when the tax liability remained unchanged despite the discovery of concealed income. The Court emphasized that the assessee continued to pay tax under section 115JB, and the concealed income did not lead to tax evasion, aligning with a precedent set by a judgment of the Delhi High Court in a similar case. Case-Laws Income Tax Mon, 05 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248177