https://www.taxtmi.com/caselaws?id=328400 The appeal was dismissed as the Tribunal found no concealment of income, only a disbelieved explanation. The Tribunal upheld the findings of the Commissioner of Income Tax (Appeals) that there was no substantial question of law to interfere with the order, leading to the negation of the penalty under Section 271(1)(c) on the assessed amounts. en-us Wed, 04 Nov 2015 00:00:00 +0530 Fri, 03 Jun 2016 12:09:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328400 The appeal was dismissed as the Tribunal found no concealment of income, only a disbelieved explanation. The Tribunal upheld the findings of the Commissioner of Income Tax (Appeals) that there was no substantial question of law to interfere with the order, leading to the negation of the penalty under Section 271(1)(c) on the assessed amounts. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328400