https://www.taxtmi.com/caselaws?id=376623 The Tribunal upheld the penalty of Rs. 90,000 imposed under section 158BFA(2) of the Income Tax Act for an undisclosed investment of Rs. 1,50,000 related to hundies found during a search at the assessee's premises. The appeal challenging the penalty was dismissed, with the Tribunal finding the investment to be unaccounted for, leading to the confirmation of the penalty. en-us Mon, 11 Mar 2019 00:00:00 +0530 Tue, 12 Mar 2019 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376623 The Tribunal upheld the penalty of Rs. 90,000 imposed under section 158BFA(2) of the Income Tax Act for an undisclosed investment of Rs. 1,50,000 related to hundies found during a search at the assessee's premises. The appeal challenging the penalty was dismissed, with the Tribunal finding the investment to be unaccounted for, leading to the confirmation of the penalty. Case-Laws Income Tax Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376623