https://www.taxtmi.com/caselaws?id=389561 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty imposed under section 158BFA(2) of the Income Tax Act. The decision was based on the lack of intention to conceal income, the debatable nature of the issue, and the law of limitation. The judgment aimed to uphold fairness and justice in tax matters, considering the specific circumstances of the case. en-us Thu, 31 Oct 2019 00:00:00 +0530 Wed, 11 Dec 2019 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389561 The Tribunal allowed the appeal, directing the Assessing Officer to delete the penalty imposed under section 158BFA(2) of the Income Tax Act. The decision was based on the lack of intention to conceal income, the debatable nature of the issue, and the law of limitation. The judgment aimed to uphold fairness and justice in tax matters, considering the specific circumstances of the case. Case-Laws Income Tax Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389561