https://www.taxtmi.com/caselaws?id=19386 The Tribunal found that penalty under section 271(1)(c) was not justified as the undisclosed amount was not proven to be the assessee's income for the relevant year. The Tribunal ruled in favor of the assessee, citing lack of evidence and failure to establish fraud or negligence. The decision favored the assessee, overturning the penalty and emphasizing the authority's burden of proof. en-us Wed, 07 Sep 1994 00:00:00 +0530 Thu, 05 Nov 2009 17:58:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19386 The Tribunal found that penalty under section 271(1)(c) was not justified as the undisclosed amount was not proven to be the assessee's income for the relevant year. The Tribunal ruled in favor of the assessee, citing lack of evidence and failure to establish fraud or negligence. The decision favored the assessee, overturning the penalty and emphasizing the authority's burden of proof. Case-Laws Income Tax Wed, 07 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19386