https://www.taxtmi.com/caselaws?id=329725 The ITAT Ahmedabad dismissed Revenue's appeals for Asst. Years 2004-05 & 2007-08 due to the tax effect being below the threshold set by CBDT Circular No. 21 of 2015. The appeals were dismissed without expressing any opinion on merits. On the other hand, the Assessee's appeals against penalties imposed under section 271(1)(c) of the Act for Asst. Years 2004-05, 2006-07, 2008-09 & 2010-11 were allowed. The ITAT ruled in favor of the Assessee, emphasizing the need for concrete evidence of deliberate concealment for penalty imposition. en-us Tue, 31 May 2016 00:00:00 +0530 Fri, 08 Jul 2016 12:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329725 The ITAT Ahmedabad dismissed Revenue's appeals for Asst. Years 2004-05 & 2007-08 due to the tax effect being below the threshold set by CBDT Circular No. 21 of 2015. The appeals were dismissed without expressing any opinion on merits. On the other hand, the Assessee's appeals against penalties imposed under section 271(1)(c) of the Act for Asst. Years 2004-05, 2006-07, 2008-09 & 2010-11 were allowed. The ITAT ruled in favor of the Assessee, emphasizing the need for concrete evidence of deliberate concealment for penalty imposition. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329725