https://www.taxtmi.com/caselaws?id=212400 The Tribunal upheld the CIT(A)'s decision to delete penalties imposed on an educational society for unexplained payments and donations in the assessment years 1989-90 and 1990-91 under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal accepted the explanations provided by the assessee, noting the legitimate uses of undisclosed income and the impermissibility of challenging relief granted for the latter year due to the tax effect being below the specified threshold. The appeals were dismissed, affirming the CIT(A)'s conclusions. en-us Fri, 21 Oct 2011 00:00:00 +0530 Sun, 15 Apr 2012 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212400 The Tribunal upheld the CIT(A)'s decision to delete penalties imposed on an educational society for unexplained payments and donations in the assessment years 1989-90 and 1990-91 under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal accepted the explanations provided by the assessee, noting the legitimate uses of undisclosed income and the impermissibility of challenging relief granted for the latter year due to the tax effect being below the specified threshold. The appeals were dismissed, affirming the CIT(A)'s conclusions. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212400