https://www.taxtmi.com/caselaws?id=401600 The Tribunal partly allowed the appeal, upholding the addition of Rs. 45,000 while deleting the addition of Rs. 1,75,000 related to unexplained investments in electronic items. The penalty under section 271(1)(c) for the assessment year 2004-05 was confirmed but remanded for recomputation based on the sustained addition. en-us Wed, 09 Dec 2020 00:00:00 +0530 Fri, 11 Dec 2020 15:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401600 The Tribunal partly allowed the appeal, upholding the addition of Rs. 45,000 while deleting the addition of Rs. 1,75,000 related to unexplained investments in electronic items. The penalty under section 271(1)(c) for the assessment year 2004-05 was confirmed but remanded for recomputation based on the sustained addition. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401600