https://www.taxtmi.com/caselaws?id=329266 The Tribunal partly allowed the Revenue's appeal, directing the Assessing Officer to verify income related to Mr. Vardhaman Jain for AY 2010-11 and delete the penalty if applicable. However, the penalty was upheld for the remaining amounts, concluding that the assessee concealed income particulars not voluntarily disclosed, based on discrepancies found during the search. en-us Mon, 09 May 2016 00:00:00 +0530 Mon, 27 Jun 2016 07:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329266 The Tribunal partly allowed the Revenue's appeal, directing the Assessing Officer to verify income related to Mr. Vardhaman Jain for AY 2010-11 and delete the penalty if applicable. However, the penalty was upheld for the remaining amounts, concluding that the assessee concealed income particulars not voluntarily disclosed, based on discrepancies found during the search. Case-Laws Income Tax Mon, 09 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329266