https://www.taxtmi.com/caselaws?id=327167 The tribunal upheld the penalty imposed on the assessee for the assessment year 1994-95, amounting to Rs. 5,69,296. The penalty was confirmed due to the concealment of income particulars and furnishing inaccurate information, rather than valuation discrepancies or ex-parte assessments. The tribunal dismissed the appeal, affirming the penalty imposed by the Assessing Officer and confirmed by the learned CIT(A). en-us Wed, 23 Mar 2016 00:00:00 +0530 Thu, 05 May 2016 00:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327167 The tribunal upheld the penalty imposed on the assessee for the assessment year 1994-95, amounting to Rs. 5,69,296. The penalty was confirmed due to the concealment of income particulars and furnishing inaccurate information, rather than valuation discrepancies or ex-parte assessments. The tribunal dismissed the appeal, affirming the penalty imposed by the Assessing Officer and confirmed by the learned CIT(A). Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327167