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Income Tax Department conducts Searches in Kolkata
The Income Tax Department carried out search and seizure action on two Kolkata based Groups engaged in manufacturing & trading of Steel, trading...
![Penalty cant be imposed where Concealment of Income has not been proven: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Penalty-concealment-of-income-Delhi-High-Court-Taxscan.jpg "Penalty cant be imposed where Concealment of Income has not been proven: Delhi High Court [Read Order]")
![Disallowance of Expenditure is not Concealment of Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Disallowance of Expenditure is not Concealment of Income: ITAT deletes Penalty [Read Order]")
![Vagueness and Ambiguity in recording of Satisfaction would nullify Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Vagueness and Ambiguity in recording of Satisfaction would nullify Penalty Proceedings: ITAT [Read Order]")
![‘Furnishing of inaccurate particulars of Income’ is different from ‘Concealment of Income’ for the purpose of sec. 271(i)(a): Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "‘Furnishing of inaccurate particulars of Income’ is different from ‘Concealment of Income’ for the purpose of sec. 271(i)(a): Bombay HC [Read Judgment]")
If the Appellate Tribunal deletes Addition in the absence of material evidence to prove the ‘Concealment of Income’, such finding is final; ITAT Delhi [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal, in a recent decision observed that if the Tribunal found that there is no material on record to prove the ‘concealment of income’ by the assessee,...
