https://www.taxtmi.com/caselaws?id=344554 The Tribunal upheld the quantum addition made by lower authorities but allowed the appellant's appeal by deleting the penalty imposed under section 271(1)(c) for the Asst. Year 2008-2009. Despite confirming the addition in the quantum appeal, the Tribunal found in favor of the appellant in the penalty proceedings, as evidence was provided to prove the genuineness of the cash credit. The judgment was pronounced on 7th April 2017 at Ahmedabad. en-us Fri, 07 Apr 2017 00:00:00 +0530 Tue, 20 Jun 2017 08:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344554 The Tribunal upheld the quantum addition made by lower authorities but allowed the appellant's appeal by deleting the penalty imposed under section 271(1)(c) for the Asst. Year 2008-2009. Despite confirming the addition in the quantum appeal, the Tribunal found in favor of the appellant in the penalty proceedings, as evidence was provided to prove the genuineness of the cash credit. The judgment was pronounced on 7th April 2017 at Ahmedabad. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344554