https://www.taxtmi.com/caselaws?id=270838 The Tribunal upheld the concealment penalty under section 271(1)(c) of the Income-tax Act, 1961, but reduced it to 100% of the tax evaded for cases involving transactions executed through Demat accounts. However, the penalty was set aside in cases where facts indicated partial genuineness of transactions. The appeals were disposed of accordingly, with penalties adjusted based on the specific circumstances of each case. en-us Wed, 28 Oct 2015 00:00:00 +0530 Mon, 18 Jan 2016 05:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270838 The Tribunal upheld the concealment penalty under section 271(1)(c) of the Income-tax Act, 1961, but reduced it to 100% of the tax evaded for cases involving transactions executed through Demat accounts. However, the penalty was set aside in cases where facts indicated partial genuineness of transactions. The appeals were disposed of accordingly, with penalties adjusted based on the specific circumstances of each case. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270838