https://www.taxtmi.com/caselaws?id=189368 The Tribunal upheld the precedent set by the Supreme Court, deciding the appeal in favor of the assessee and against the revenue. The appeal challenging the deletion of penalty for concealment under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 1992-93 was dismissed based on the binding effect of the Supreme Court's decision, emphasizing the importance of following precedents for consistency and uniformity in judicial rulings. en-us Fri, 28 May 2004 00:00:00 +0530 Fri, 06 Jan 2017 17:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189368 The Tribunal upheld the precedent set by the Supreme Court, deciding the appeal in favor of the assessee and against the revenue. The appeal challenging the deletion of penalty for concealment under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 1992-93 was dismissed based on the binding effect of the Supreme Court's decision, emphasizing the importance of following precedents for consistency and uniformity in judicial rulings. Case-Laws Income Tax Fri, 28 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189368