https://www.taxtmi.com/caselaws?id=59509 The Tribunal allowed all four appeals of the assessee, overturning the penalties imposed for concealment of income. The Tribunal determined that the appeal filing fees were sufficient, the penalty imposed was not directly linked to the assessed income but based on tax evasion, and no penalty for concealment should have been imposed due to legitimate reasons for declaring 'Nil' income under the project completion method for the construction business. en-us Thu, 27 Jun 2002 00:00:00 +0530 Thu, 30 Dec 2010 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59509 The Tribunal allowed all four appeals of the assessee, overturning the penalties imposed for concealment of income. The Tribunal determined that the appeal filing fees were sufficient, the penalty imposed was not directly linked to the assessed income but based on tax evasion, and no penalty for concealment should have been imposed due to legitimate reasons for declaring 'Nil' income under the project completion method for the construction business. Case-Laws Income Tax Thu, 27 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59509