https://www.taxtmi.com/caselaws?id=307979 The Tribunal condoned the delay in filing appeals due to misplaced records, allowing the appeal under Section 271(1)(c) as there was no evidence of concealment. The penalty under Section 271(1)(c) was canceled. However, the penalty under Section 271(1)(b) was upheld at a reduced amount as the assessee failed to provide necessary documents without a valid reason. The decision was in favor of the assessee for Section 271(1)(c) but against for Section 271(1)(b) for the assessment year 2006-07. en-us Mon, 05 Oct 2015 00:00:00 +0530 Fri, 19 May 2023 21:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307979 The Tribunal condoned the delay in filing appeals due to misplaced records, allowing the appeal under Section 271(1)(c) as there was no evidence of concealment. The penalty under Section 271(1)(c) was canceled. However, the penalty under Section 271(1)(b) was upheld at a reduced amount as the assessee failed to provide necessary documents without a valid reason. The decision was in favor of the assessee for Section 271(1)(c) but against for Section 271(1)(b) for the assessment year 2006-07. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307979