https://www.taxtmi.com/caselaws?id=339155 The Tribunal allowed the appeals filed by the assessee, reversing the penalty imposed under section 271(1)(c) due to lack of substantiated evidence of income concealment. The decision emphasized considering taxpayer explanations and upholding natural justice principles during assessment and penalty proceedings. en-us Fri, 17 Feb 2017 00:00:00 +0530 Mon, 20 Feb 2017 00:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339155 The Tribunal allowed the appeals filed by the assessee, reversing the penalty imposed under section 271(1)(c) due to lack of substantiated evidence of income concealment. The decision emphasized considering taxpayer explanations and upholding natural justice principles during assessment and penalty proceedings. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339155