https://www.taxtmi.com/caselaws?id=57670 The Tribunal partly allowed the appeals, upholding penalties at reduced amounts based on concealed income found by the ITO. It determined that the IAC had jurisdiction over pending penalty proceedings and that penalty orders were within the amended Section 275's limitation period. The Tribunal ruled that the IAC's authority was limited to the concealment identified by the ITO and could not consider enhancements made by the AAC in calculating penalties. en-us Thu, 12 May 1977 00:00:00 +0530 Sat, 11 Dec 2010 14:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57670 The Tribunal partly allowed the appeals, upholding penalties at reduced amounts based on concealed income found by the ITO. It determined that the IAC had jurisdiction over pending penalty proceedings and that penalty orders were within the amended Section 275's limitation period. The Tribunal ruled that the IAC's authority was limited to the concealment identified by the ITO and could not consider enhancements made by the AAC in calculating penalties. Case-Laws Income Tax Thu, 12 May 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57670