https://www.taxtmi.com/caselaws?id=307977 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271(1)(c) for the assessment year 2008-09. The decision was based on the lack of substantial evidence to prove willful or intentional concealment of income by the assessee, in accordance with legal precedents and established principles governing the imposition of penalties under the Income Tax Act. en-us Wed, 31 Dec 2014 00:00:00 +0530 Fri, 19 May 2023 21:49:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307977 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271(1)(c) for the assessment year 2008-09. The decision was based on the lack of substantial evidence to prove willful or intentional concealment of income by the assessee, in accordance with legal precedents and established principles governing the imposition of penalties under the Income Tax Act. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307977