https://www.taxtmi.com/caselaws?id=11366 The High Court remitted the matter back to the Tribunal for fresh consideration in accordance with law, noting that the Tribunal's decision was based on principles no longer valid due to subsequent Supreme Court decisions. The Court declined to answer questions regarding the imposition of penalty and focused solely on the levy of penalty on the alleged concealed income of Rs. 1,68,748. The appeal was disposed of accordingly. en-us Fri, 04 Jul 2003 00:00:00 +0530 Fri, 07 Aug 2009 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11366 The High Court remitted the matter back to the Tribunal for fresh consideration in accordance with law, noting that the Tribunal's decision was based on principles no longer valid due to subsequent Supreme Court decisions. The Court declined to answer questions regarding the imposition of penalty and focused solely on the levy of penalty on the alleged concealed income of Rs. 1,68,748. The appeal was disposed of accordingly. Case-Laws Income Tax Fri, 04 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11366