https://www.taxtmi.com/caselaws?id=67262 The Appellate Tribunal upheld the penalty imposed on the assessee for unexplained cash credits, emphasizing the applicability of the Explanation to section 271(1)(c) and the burden of proof on the assessee in such cases. The Tribunal dismissed the appeal, confirming the penalty initially levied by the Income Tax Officer and upheld by the Appellate Authority. en-us Wed, 28 Sep 1983 00:00:00 +0530 Wed, 09 Mar 2011 17:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67262 The Appellate Tribunal upheld the penalty imposed on the assessee for unexplained cash credits, emphasizing the applicability of the Explanation to section 271(1)(c) and the burden of proof on the assessee in such cases. The Tribunal dismissed the appeal, confirming the penalty initially levied by the Income Tax Officer and upheld by the Appellate Authority. Case-Laws Income Tax Wed, 28 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67262