https://www.taxtmi.com/caselaws?id=281802 The tribunal directed the matter back to the AO for fresh assessment, emphasizing the need for proper adjudication on expenses related to service charges. The penalty under section 271(1)(c) for concealment of income was upheld by the learned CIT(A) but was ordered to be reconsidered by the AO due to lack of evidence on expenses. The tribunal stressed compliance with principles of natural justice, ensuring the appellant's right to present evidence and explanations, and allowed the appeal for statistical purposes, underscoring the importance of a fair assessment process. en-us Mon, 09 Apr 2018 00:00:00 +0530 Sun, 07 Jul 2019 09:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281802 The tribunal directed the matter back to the AO for fresh assessment, emphasizing the need for proper adjudication on expenses related to service charges. The penalty under section 271(1)(c) for concealment of income was upheld by the learned CIT(A) but was ordered to be reconsidered by the AO due to lack of evidence on expenses. The tribunal stressed compliance with principles of natural justice, ensuring the appellant's right to present evidence and explanations, and allowed the appeal for statistical purposes, underscoring the importance of a fair assessment process. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281802