https://www.taxtmi.com/caselaws?id=340471 The Tribunal partially allowed the Assessee's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was confirmed only for the salary income addition, emphasizing the requirement for clear evidence of concealment or inaccurate particulars to justify penalties. The Tribunal found that while some additions lacked evidence, the penalty was upheld for the unexplained salary income. The decision was rendered on 21st March 2017 in Ahmedabad. en-us Tue, 21 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340471 The Tribunal partially allowed the Assessee's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act. The penalty was confirmed only for the salary income addition, emphasizing the requirement for clear evidence of concealment or inaccurate particulars to justify penalties. The Tribunal found that while some additions lacked evidence, the penalty was upheld for the unexplained salary income. The decision was rendered on 21st March 2017 in Ahmedabad. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340471