https://www.taxtmi.com/caselaws?id=179945 The Tribunal allowed the appeals related to penalties for assessment years 2001-02 to 2005-06 and 2006-07, while dismissing the quantum appeal for assessment year 2006-07. Penalties were deleted as income declared in the return filed under Section 153A cannot be subject to concealment penalty. The judgment highlighted the significance of proper evidence and the differentiation between assessment and penalty proceedings. en-us Wed, 26 Sep 2012 00:00:00 +0530 Mon, 27 Nov 2017 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179945 The Tribunal allowed the appeals related to penalties for assessment years 2001-02 to 2005-06 and 2006-07, while dismissing the quantum appeal for assessment year 2006-07. Penalties were deleted as income declared in the return filed under Section 153A cannot be subject to concealment penalty. The judgment highlighted the significance of proper evidence and the differentiation between assessment and penalty proceedings. Case-Laws Income Tax Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179945