https://www.taxtmi.com/caselaws?id=193617 The Tribunal allowed the assessee's appeal, pronouncing the order on 29.7.2011, and deleted the penalty imposed under section 271(1)(c) based on the invalid addition made under section 68 of the Income Tax Act, 1961 for assessment year 2004-05. The Tribunal held that as the assessee's income solely derived from a partnership firm without maintained books of account, the addition under section 68 was deemed unlawful, following legal precedents. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 09 Aug 2017 17:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193617 The Tribunal allowed the assessee's appeal, pronouncing the order on 29.7.2011, and deleted the penalty imposed under section 271(1)(c) based on the invalid addition made under section 68 of the Income Tax Act, 1961 for assessment year 2004-05. The Tribunal held that as the assessee's income solely derived from a partnership firm without maintained books of account, the addition under section 68 was deemed unlawful, following legal precedents. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193617