https://www.taxtmi.com/caselaws?id=174815 The Tribunal allowed the appeal, canceling the order under appeal and deleting the penalty imposed. The Tribunal found that the penalty was not justified as it was solely based on the assessee's surrender without any evidence of concealment. The decision was supported by various legal precedents, including "CIT v. Baroda Tin Works" and "CIT v. Suresh Chandra Mittal." en-us Fri, 18 Nov 2011 00:00:00 +0530 Wed, 21 Oct 2015 14:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174815 The Tribunal allowed the appeal, canceling the order under appeal and deleting the penalty imposed. The Tribunal found that the penalty was not justified as it was solely based on the assessee's surrender without any evidence of concealment. The decision was supported by various legal precedents, including "CIT v. Baroda Tin Works" and "CIT v. Suresh Chandra Mittal." Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174815