https://www.taxtmi.com/caselaws?id=174294 The Tribunal allowed the appellant's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for excess cash detected and unexplained investment in stock for the assessment year 2003-04. The Tribunal ruled that the penalty could not be sustained as the Assessing Officer failed to provide a clear finding on whether the appellant had concealed income or furnished inaccurate particulars, as required by previous court judgments. en-us Fri, 12 Aug 2011 00:00:00 +0530 Mon, 05 Oct 2015 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174294 The Tribunal allowed the appellant's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for excess cash detected and unexplained investment in stock for the assessment year 2003-04. The Tribunal ruled that the penalty could not be sustained as the Assessing Officer failed to provide a clear finding on whether the appellant had concealed income or furnished inaccurate particulars, as required by previous court judgments. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174294