https://www.taxtmi.com/caselaws?id=39800 The High Court held that the Tribunal erred in not considering the pattern of unexplained cash credits and false explanations provided by the assessee. The Tribunal's decision to set aside the penalty was deemed unjustified, and the High Court ruled in favor of the department, allowing the Tribunal to assess the penalty amount. The department was awarded costs of Rs. 250. en-us Tue, 09 Nov 1971 00:00:00 +0530 Tue, 20 Apr 2010 13:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39800 The High Court held that the Tribunal erred in not considering the pattern of unexplained cash credits and false explanations provided by the assessee. The Tribunal's decision to set aside the penalty was deemed unjustified, and the High Court ruled in favor of the department, allowing the Tribunal to assess the penalty amount. The department was awarded costs of Rs. 250. Case-Laws Income Tax Tue, 09 Nov 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39800