https://www.taxtmi.com/caselaws?id=195133 The Tribunal upheld the decisions of the CIT (Appeals) in dismissing all appeals. The Rs. 90,00,000/- surrendered amount could not be included in the project cost. The penalty under section 271(1)(c) for concealing income was deemed unjustified as the surrender was voluntary. Additionally, the Rs. 49,31,277/- cash difference found during the survey was rightly deleted due to lack of evidence. The judgments demonstrate a meticulous review of facts and adherence to legal principles and tax provisions. en-us Thu, 07 Jan 2016 00:00:00 +0530 Tue, 17 Oct 2017 08:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195133 The Tribunal upheld the decisions of the CIT (Appeals) in dismissing all appeals. The Rs. 90,00,000/- surrendered amount could not be included in the project cost. The penalty under section 271(1)(c) for concealing income was deemed unjustified as the surrender was voluntary. Additionally, the Rs. 49,31,277/- cash difference found during the survey was rightly deleted due to lack of evidence. The judgments demonstrate a meticulous review of facts and adherence to legal principles and tax provisions. Case-Laws Income Tax Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195133