https://www.taxtmi.com/caselaws?id=328325 The ITAT allowed the appeals, directing the deletion of penalties for all three years. The penalties were deemed unjustified due to the initial non-initiation for the original assessed income, the ad-hoc nature of additions, and the lack of evidence supporting the penalties. The ITAT emphasized that penalty proceedings require a distinct consideration from assessment proceedings, focusing on the substantiation of concealment or inaccurate particulars, which were not adequately demonstrated in these cases. en-us Mon, 25 Apr 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328325 The ITAT allowed the appeals, directing the deletion of penalties for all three years. The penalties were deemed unjustified due to the initial non-initiation for the original assessed income, the ad-hoc nature of additions, and the lack of evidence supporting the penalties. The ITAT emphasized that penalty proceedings require a distinct consideration from assessment proceedings, focusing on the substantiation of concealment or inaccurate particulars, which were not adequately demonstrated in these cases. Case-Laws Income Tax Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328325