https://www.taxtmi.com/caselaws?id=182553 The appeals were dismissed as the ITAT found no deliberate concealment of income by the assessees, who had disclosed all necessary facts despite filing returns late. The ITAT concluded that the penalty imposed for concealment was unjustified, as the assessees had provided full disclosure before receiving notice under section 148 of the Income-tax Act. Therefore, the ITAT's decision to delete the penalty was upheld, and the appeals challenging this decision were dismissed for lack of merit. en-us Mon, 23 Jun 2008 00:00:00 +0530 Fri, 13 May 2016 11:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182553 The appeals were dismissed as the ITAT found no deliberate concealment of income by the assessees, who had disclosed all necessary facts despite filing returns late. The ITAT concluded that the penalty imposed for concealment was unjustified, as the assessees had provided full disclosure before receiving notice under section 148 of the Income-tax Act. Therefore, the ITAT's decision to delete the penalty was upheld, and the appeals challenging this decision were dismissed for lack of merit. Case-Laws Income Tax Mon, 23 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182553