https://www.taxtmi.com/caselaws?id=182997 The Tribunal allowed the appeals for the assessment years 1975-76, 1976-77, 1977-78, and 1980-81, canceling the penalties for these years. The appeal for the assessment year 1978-79 was dismissed, and the penalty was confirmed. The Tribunal emphasized that the benefits of the Amnesty Scheme should be interpreted rationally and not be denied merely due to the fact of a search, provided there was no detection of concealed income during the search. en-us Fri, 19 Nov 1999 00:00:00 +0530 Wed, 25 May 2016 18:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182997 The Tribunal allowed the appeals for the assessment years 1975-76, 1976-77, 1977-78, and 1980-81, canceling the penalties for these years. The appeal for the assessment year 1978-79 was dismissed, and the penalty was confirmed. The Tribunal emphasized that the benefits of the Amnesty Scheme should be interpreted rationally and not be denied merely due to the fact of a search, provided there was no detection of concealed income during the search. Case-Laws Income Tax Fri, 19 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182997