https://www.taxtmi.com/caselaws?id=347287 The High Court dismissed the Tax Appeal, upholding the Tribunal's decision to delete the penalty imposed on the assessee for non-filing of a return in the assessment year 2002-03. The Court concluded that without a provision deeming concealment of income, the assessee's case did not fall under the relevant provision. As the unamended Explanation 3 did not apply to the assessee for the assessment year in question, the penalty imposition was deemed incorrect. en-us Mon, 14 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347287 The High Court dismissed the Tax Appeal, upholding the Tribunal's decision to delete the penalty imposed on the assessee for non-filing of a return in the assessment year 2002-03. The Court concluded that without a provision deeming concealment of income, the assessee's case did not fall under the relevant provision. As the unamended Explanation 3 did not apply to the assessee for the assessment year in question, the penalty imposition was deemed incorrect. Case-Laws Income Tax Mon, 14 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347287