https://www.taxtmi.com/caselaws?id=39222 The Appellate Tribunal's decision to uphold the addition of income and impose a penalty under section 271(1)(c) of the Income-tax Act against the assessee, a firm engaged in the business of brooms and jungle products, was challenged due to the examination of the bank manager behind the assessee's back. The court found that the assessee was prejudiced by this action and directed a reconsideration with the bank manager's evidence on record. The court emphasized that the decision on the addition and penalty would depend on the correlation of entries in the accounts with the bank transactions, urging fair consideration based on the new evidence. Judge Das concurred with the judgment. en-us Tue, 02 Sep 1975 00:00:00 +0530 Tue, 13 Apr 2010 18:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39222 The Appellate Tribunal's decision to uphold the addition of income and impose a penalty under section 271(1)(c) of the Income-tax Act against the assessee, a firm engaged in the business of brooms and jungle products, was challenged due to the examination of the bank manager behind the assessee's back. The court found that the assessee was prejudiced by this action and directed a reconsideration with the bank manager's evidence on record. The court emphasized that the decision on the addition and penalty would depend on the correlation of entries in the accounts with the bank transactions, urging fair consideration based on the new evidence. Judge Das concurred with the judgment. Case-Laws Income Tax Tue, 02 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39222