https://www.taxtmi.com/caselaws?id=258220 The Tribunal upheld the Commissioner of Income-tax (Appeals) determinations regarding the quantification of undisclosed income in the cases of Mr. Vasant Thakoor and Mr. Madhukar B. Thakoor. Penalties under section 158BFA(2) were upheld for various additions in the cases of Late Shri Balchandra B. Thakoor, Mr. Mohan B. Thakoor, and Mr. Madhukar B. Thakoor, emphasizing the significance of accurate disclosure to avoid penalties. The decisions underscore the consequences of failing to disclose income accurately. en-us Wed, 20 Mar 2013 00:00:00 +0530 Thu, 02 Apr 2015 22:53:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258220 The Tribunal upheld the Commissioner of Income-tax (Appeals) determinations regarding the quantification of undisclosed income in the cases of Mr. Vasant Thakoor and Mr. Madhukar B. Thakoor. Penalties under section 158BFA(2) were upheld for various additions in the cases of Late Shri Balchandra B. Thakoor, Mr. Mohan B. Thakoor, and Mr. Madhukar B. Thakoor, emphasizing the significance of accurate disclosure to avoid penalties. The decisions underscore the consequences of failing to disclose income accurately. Case-Laws Income Tax Wed, 20 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258220