https://www.taxtmi.com/caselaws?id=103138 The appeal was partly allowed. The addition of unexplained investment in gold bars was deleted as the Tribunal found no challenge from the party involved in the substantive addition. The initiation of penalty proceedings was dismissed due to no prejudice caused to the assessee. Directions were given for the calculation of interest under relevant sections of the Income-tax Act, which was deemed consequential. en-us Fri, 27 Sep 2002 00:00:00 +0530 Mon, 20 Feb 2012 18:23:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103138 The appeal was partly allowed. The addition of unexplained investment in gold bars was deleted as the Tribunal found no challenge from the party involved in the substantive addition. The initiation of penalty proceedings was dismissed due to no prejudice caused to the assessee. Directions were given for the calculation of interest under relevant sections of the Income-tax Act, which was deemed consequential. Case-Laws Income Tax Fri, 27 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103138