https://www.taxtmi.com/caselaws?id=39749 The High Court upheld penalty proceedings under Section 271(1)(c) of the Income-tax Act, 1961, for the additional income of Rs. 25,000 due to lack of detailed particulars provided by the petitioner. However, the penalty related to the unexplained cash credits of Rs. 11,700 was set aside as the explanation was accepted. The court remanded the case for reconsideration of the penalty related to the Rs. 25,000 amount, emphasizing the need for establishing deliberate concealment. All judges concurred with the judgment. en-us Wed, 19 Jun 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39749 The High Court upheld penalty proceedings under Section 271(1)(c) of the Income-tax Act, 1961, for the additional income of Rs. 25,000 due to lack of detailed particulars provided by the petitioner. However, the penalty related to the unexplained cash credits of Rs. 11,700 was set aside as the explanation was accepted. The court remanded the case for reconsideration of the penalty related to the Rs. 25,000 amount, emphasizing the need for establishing deliberate concealment. All judges concurred with the judgment. Case-Laws Income Tax Wed, 19 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39749