https://www.taxtmi.com/caselaws?id=173764 The High Court allowed the appeal, finding no conclusive evidence linking the seized slips to the assessee's transactions. The court set aside the Joint Commissioner's order and upheld the decision of the Appellate Assistant Commissioner, ultimately leading to the deletion of the penalty under section 12(3)(b) of the Income-tax Act for the assessment year 1994-95. en-us Fri, 28 Sep 2012 00:00:00 +0530 Tue, 22 Sep 2015 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173764 The High Court allowed the appeal, finding no conclusive evidence linking the seized slips to the assessee's transactions. The court set aside the Joint Commissioner's order and upheld the decision of the Appellate Assistant Commissioner, ultimately leading to the deletion of the penalty under section 12(3)(b) of the Income-tax Act for the assessment year 1994-95. Case-Laws VAT and Sales Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173764