https://www.taxtmi.com/caselaws?id=56867 The Tribunal found that the assessee had concealed income by manipulating its cash book, resulting in a suppression of assets and income. The penalty was imposed in accordance with the law existing at the time the return was filed, reducing the penalty to the minimum under pre-amendment provisions. The appeal was partly allowed, confirming the concealment of income and adjusting the penalty calculation based on the law prior to the amendment. en-us Wed, 17 Feb 1988 00:00:00 +0530 Tue, 07 Dec 2010 11:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56867 The Tribunal found that the assessee had concealed income by manipulating its cash book, resulting in a suppression of assets and income. The penalty was imposed in accordance with the law existing at the time the return was filed, reducing the penalty to the minimum under pre-amendment provisions. The appeal was partly allowed, confirming the concealment of income and adjusting the penalty calculation based on the law prior to the amendment. Case-Laws Income Tax Wed, 17 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56867