https://www.taxtmi.com/caselaws?id=76573 The High Court upheld the Tribunal's decision to delete the penalty imposed under section 271(1)(c) for additions made in the quantum proceedings. The Tribunal found the appellant's explanations for the income additions to be bona fide, especially regarding the unexplained income under section 68. The Court concluded that no substantial legal question arose, affirming the deletion of the penalty. en-us Tue, 06 Apr 2010 00:00:00 +0530 Tue, 06 Sep 2011 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76573 The High Court upheld the Tribunal's decision to delete the penalty imposed under section 271(1)(c) for additions made in the quantum proceedings. The Tribunal found the appellant's explanations for the income additions to be bona fide, especially regarding the unexplained income under section 68. The Court concluded that no substantial legal question arose, affirming the deletion of the penalty. Case-Laws Income Tax Tue, 06 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76573