https://www.taxtmi.com/caselaws?id=770333 SC/Tribunal addressed penalty appeal in tax case involving cash deposits. Quantum appeal was restored for fresh adjudication due to disputed income source. Consequently, penalty proceedings were also remanded to ensure comprehensive review. The court emphasized verifying agricultural income claims and maintaining consistency in tax assessment. Penalty order was set aside, directing re-examination within 30 days with proper fact-finding. en-us Mon, 21 Apr 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770333 SC/Tribunal addressed penalty appeal in tax case involving cash deposits. Quantum appeal was restored for fresh adjudication due to disputed income source. Consequently, penalty proceedings were also remanded to ensure comprehensive review. The court emphasized verifying agricultural income claims and maintaining consistency in tax assessment. Penalty order was set aside, directing re-examination within 30 days with proper fact-finding. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770333