https://www.taxtmi.com/caselaws?id=14940 The Tribunal found that the penalty order lacked essential findings on the motive behind the alleged concealment of income, leading to the conclusion that the penalty could not be sustained. The Court upheld this decision, emphasizing the need for specific findings before imposing penalties independent of assessment. As the Revenue failed to prove concealed income with intent, the penalty was deleted in favor of the assessee. en-us Mon, 24 Jul 2000 00:00:00 +0530 Mon, 27 Jul 2009 12:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14940 The Tribunal found that the penalty order lacked essential findings on the motive behind the alleged concealment of income, leading to the conclusion that the penalty could not be sustained. The Court upheld this decision, emphasizing the need for specific findings before imposing penalties independent of assessment. As the Revenue failed to prove concealed income with intent, the penalty was deleted in favor of the assessee. Case-Laws Income Tax Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14940