https://www.taxtmi.com/caselaws?id=172198 The Tribunal dismissed all appeals, confirming penalties under section 271(1)(c) for unexplained cash deposits and undisclosed income. Reassessment proceedings under section 147 were deemed valid, with adequate opportunity provided to the assessee. The additions in the reassessment order, including an unexplained cash deficit, were upheld. The decision was pronounced on March 18, 2013, in Chennai. en-us Mon, 18 Mar 2013 00:00:00 +0530 Thu, 13 Aug 2015 23:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172198 The Tribunal dismissed all appeals, confirming penalties under section 271(1)(c) for unexplained cash deposits and undisclosed income. Reassessment proceedings under section 147 were deemed valid, with adequate opportunity provided to the assessee. The additions in the reassessment order, including an unexplained cash deficit, were upheld. The decision was pronounced on March 18, 2013, in Chennai. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172198