https://www.taxtmi.com/caselaws?id=9804 The court ruled in favor of the assessee, finding that the disputed amount received in cash did not constitute undisclosed income under section 158B(b) of the Income-tax Act. The Tribunal's decision overturned the penalty imposed under section 271D, emphasizing the need for consistency in assessment procedures. The court upheld the Tribunal's decision, highlighting the importance of adhering to statutory provisions in assessments and maintaining coherence in legal proceedings. The judgment clarified the interpretation of relevant sections of the Act and underscored the significance of procedural compliance in tax matters. en-us Tue, 04 Jul 2006 00:00:00 +0530 Wed, 01 Jul 2009 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9804 The court ruled in favor of the assessee, finding that the disputed amount received in cash did not constitute undisclosed income under section 158B(b) of the Income-tax Act. The Tribunal's decision overturned the penalty imposed under section 271D, emphasizing the need for consistency in assessment procedures. The court upheld the Tribunal's decision, highlighting the importance of adhering to statutory provisions in assessments and maintaining coherence in legal proceedings. The judgment clarified the interpretation of relevant sections of the Act and underscored the significance of procedural compliance in tax matters. Case-Laws Income Tax Tue, 04 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9804