https://www.taxtmi.com/caselaws?id=353290 The Tribunal upheld penalties for false deduction claims under Chapter VIA for both assessment years but set aside penalties for unexplained cash deposits, as the explanations were unproved but not found false. The appeals were partly allowed, affirming penalties for false deduction claims while overturning penalties for unexplained cash deposits. en-us Wed, 27 Dec 2017 00:00:00 +0530 Sun, 31 Dec 2017 21:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353290 The Tribunal upheld penalties for false deduction claims under Chapter VIA for both assessment years but set aside penalties for unexplained cash deposits, as the explanations were unproved but not found false. The appeals were partly allowed, affirming penalties for false deduction claims while overturning penalties for unexplained cash deposits. Case-Laws Income Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353290