https://www.taxtmi.com/caselaws?id=9801 The High Court upheld the Tribunal's decision for the assessment years 1983-84, 1984-85, and 1985-86, confirming the penalty for intentional and conscious concealment of income and furnishing inaccurate particulars. For the assessment years 1986-87 and 1987-88, the High Court found that the penalty was not justified due to the voluntary disclosure by the assessee. The High Court ruled in favor of the Revenue for the years 1983-84, 1984-85, and 1985-86, and in favor of the assessee for the years 1986-87 and 1987-88. en-us Fri, 07 Oct 2005 00:00:00 +0530 Wed, 01 Jul 2009 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9801 The High Court upheld the Tribunal's decision for the assessment years 1983-84, 1984-85, and 1985-86, confirming the penalty for intentional and conscious concealment of income and furnishing inaccurate particulars. For the assessment years 1986-87 and 1987-88, the High Court found that the penalty was not justified due to the voluntary disclosure by the assessee. The High Court ruled in favor of the Revenue for the years 1983-84, 1984-85, and 1985-86, and in favor of the assessee for the years 1986-87 and 1987-88. Case-Laws Income Tax Fri, 07 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9801