https://www.taxtmi.com/caselaws?id=12855 The Tribunal upheld the cancellation of penalties for assessment years 1979-80 to 1987-88 due to lack of specific concealment findings. For assessment years 1983-84 to 1987-88, penalties were cancelled as evidence of income concealment was absent. The High Court affirmed the Tribunal's decision, stating no legal questions arose, emphasizing the lack of evidence of concealment. The Revenue's appeals and petitions were dismissed, and parties were directed to bear their own costs. en-us Mon, 22 Oct 2001 00:00:00 +0530 Tue, 19 Jan 2016 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12855 The Tribunal upheld the cancellation of penalties for assessment years 1979-80 to 1987-88 due to lack of specific concealment findings. For assessment years 1983-84 to 1987-88, penalties were cancelled as evidence of income concealment was absent. The High Court affirmed the Tribunal's decision, stating no legal questions arose, emphasizing the lack of evidence of concealment. The Revenue's appeals and petitions were dismissed, and parties were directed to bear their own costs. Case-Laws Income Tax Mon, 22 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12855