https://www.taxtmi.com/caselaws?id=371204 The ITAT allowed the appeals for the Assessment Years 1998-99, 1999-2000, and 2000-01, on 27/11/2018. The Tribunal found that the appellant provided details of deposits and sources, concluding that the lack of producing parties before the Ld.AO did not imply concealment. As the addition was already confirmed, the penalty was deleted, allowing the grounds raised by the appellant on merits. en-us Tue, 27 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371204 The ITAT allowed the appeals for the Assessment Years 1998-99, 1999-2000, and 2000-01, on 27/11/2018. The Tribunal found that the appellant provided details of deposits and sources, concluding that the lack of producing parties before the Ld.AO did not imply concealment. As the addition was already confirmed, the penalty was deleted, allowing the grounds raised by the appellant on merits. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371204