https://www.taxtmi.com/caselaws?id=386166 The tribunal partly allowed the appeal, concluding that the penalty for the income declared in the revised return was not leviable as it was validly filed within the prescribed period. However, the penalty for the difference in income received was confirmed due to concealment. The penalty for the latter was upheld at 100% of the tax amount sought to be evaded. en-us Mon, 01 Jul 2019 00:00:00 +0530 Mon, 23 Sep 2019 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386166 The tribunal partly allowed the appeal, concluding that the penalty for the income declared in the revised return was not leviable as it was validly filed within the prescribed period. However, the penalty for the difference in income received was confirmed due to concealment. The penalty for the latter was upheld at 100% of the tax amount sought to be evaded. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386166