https://www.taxtmi.com/caselaws?id=63599 The Tribunal allowed the quantum appeal by the firm Madan Lal Pawan Kumar for the asst. yr. 1970-71, remanding the case for fresh adjudication based on new evidence supporting a lower shortage amount in the pista dodi account. Cash credits totaling Rs. 9,000 were deemed genuine, leading to the deletion of related additions. The Tribunal also deleted the penalty under section 271(1)(c), citing the lack of evidence for conscious concealment of income or wilful neglect, despite remanding the quantum appeal for further consideration. en-us Wed, 14 Apr 1976 00:00:00 +0530 Tue, 01 Feb 2011 10:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63599 The Tribunal allowed the quantum appeal by the firm Madan Lal Pawan Kumar for the asst. yr. 1970-71, remanding the case for fresh adjudication based on new evidence supporting a lower shortage amount in the pista dodi account. Cash credits totaling Rs. 9,000 were deemed genuine, leading to the deletion of related additions. The Tribunal also deleted the penalty under section 271(1)(c), citing the lack of evidence for conscious concealment of income or wilful neglect, despite remanding the quantum appeal for further consideration. Case-Laws Income Tax Wed, 14 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63599