https://www.taxtmi.com/caselaws?id=393029 The Tribunal allowed the appeal, setting aside penalties imposed on the appellant for concealed income and an unsecured loan. The penalties were deleted due to insufficient evidence and lack of proper consideration of explanations provided by the appellant. The Tribunal emphasized the necessity of proper direction and thorough consideration of explanations in penalty proceedings. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 04 Mar 2020 13:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393029 The Tribunal allowed the appeal, setting aside penalties imposed on the appellant for concealed income and an unsecured loan. The penalties were deleted due to insufficient evidence and lack of proper consideration of explanations provided by the appellant. The Tribunal emphasized the necessity of proper direction and thorough consideration of explanations in penalty proceedings. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393029