https://www.taxtmi.com/caselaws?id=384644 The appeal for Assessment Year (AY) 2002-03 was partly allowed, confirming penalties on certain additions while setting aside others for re-examination. The Tribunal upheld penalties on suppressed sales and receipts and bogus share capital but directed the deletion of the penalty for certain additions pending re-examination by the Assessing Officer. Similarly, for AY 2005-06, the appeal was partly allowed, confirming penalties on certain additions while directing the deletion of penalties on others. The Tribunal confirmed penalties on suppressed sales and receipts and advances received against exports but deleted penalties on certain disallowances. en-us Fri, 12 Jul 2019 00:00:00 +0530 Mon, 19 Aug 2019 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384644 The appeal for Assessment Year (AY) 2002-03 was partly allowed, confirming penalties on certain additions while setting aside others for re-examination. The Tribunal upheld penalties on suppressed sales and receipts and bogus share capital but directed the deletion of the penalty for certain additions pending re-examination by the Assessing Officer. Similarly, for AY 2005-06, the appeal was partly allowed, confirming penalties on certain additions while directing the deletion of penalties on others. The Tribunal confirmed penalties on suppressed sales and receipts and advances received against exports but deleted penalties on certain disallowances. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384644