https://www.taxtmi.com/caselaws?id=13507 The HC dismissed the appeal, confirming the penalty imposed by the Appellate Tribunal. The Tribunal's decision was upheld as justified, given the evidence of concealed income. The court found no substantial question of law, emphasizing the necessity for genuine reasons and proper establishment of concealed income in penalty proceedings. en-us Fri, 27 Oct 2006 00:00:00 +0530 Sat, 02 Mar 2024 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13507 The HC dismissed the appeal, confirming the penalty imposed by the Appellate Tribunal. The Tribunal's decision was upheld as justified, given the evidence of concealed income. The court found no substantial question of law, emphasizing the necessity for genuine reasons and proper establishment of concealed income in penalty proceedings. Case-Laws Income Tax Fri, 27 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13507