https://www.taxtmi.com/caselaws?id=257251 The Tribunal partly allowed the revenue's appeal, upholding the penalty on the remuneration difference while deleting the penalty on the renovation expenditure issue. The decision was based on seized material analysis and the discretionary nature of penalty imposition under section 158BFA(2) of the Act. en-us Thu, 31 Jul 2014 00:00:00 +0530 Sat, 07 Mar 2015 05:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257251 The Tribunal partly allowed the revenue's appeal, upholding the penalty on the remuneration difference while deleting the penalty on the renovation expenditure issue. The decision was based on seized material analysis and the discretionary nature of penalty imposition under section 158BFA(2) of the Act. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257251