https://www.taxtmi.com/caselaws?id=68497 The Tribunal partially allowed the appeal, deleting penalties related to gold and silver ornaments based on ownership explanations and reducing the penalty on unexplained cash. The judgment emphasizes the necessity of providing satisfactory explanations and evidence to support claims during penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. en-us Tue, 17 Feb 2004 00:00:00 +0530 Fri, 15 Jun 2012 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68497 The Tribunal partially allowed the appeal, deleting penalties related to gold and silver ornaments based on ownership explanations and reducing the penalty on unexplained cash. The judgment emphasizes the necessity of providing satisfactory explanations and evidence to support claims during penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 17 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68497