https://www.taxtmi.com/caselaws?id=59512 The Tribunal upheld penalties imposed by the Department on a Cardio Vascular Surgeon for concealed income in assessments from 1981-82 to 1988-89. The assessee's argument for immunity under Explanation 5(a) of section 271(1)(c) was rejected as seized diaries were not considered as books of account, thus not qualifying for immunity. The Tribunal ruled that the diaries were personal records, not suitable for income computation. Consequently, penalties were upheld, and the appeals were dismissed. en-us Thu, 19 Sep 2002 00:00:00 +0530 Thu, 30 Dec 2010 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59512 The Tribunal upheld penalties imposed by the Department on a Cardio Vascular Surgeon for concealed income in assessments from 1981-82 to 1988-89. The assessee's argument for immunity under Explanation 5(a) of section 271(1)(c) was rejected as seized diaries were not considered as books of account, thus not qualifying for immunity. The Tribunal ruled that the diaries were personal records, not suitable for income computation. Consequently, penalties were upheld, and the appeals were dismissed. Case-Laws Income Tax Thu, 19 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59512