https://www.taxtmi.com/caselaws?id=56621 The Tribunal partly allowed the appeal, upholding the penalty for the unexplained investment of Rs. 71,365 under section 271(1)(c) of the IT Act, 1961. However, no penalty was imposed for the Rs. 15,000 income from trading in gold ornaments as the business resulted in a loss. en-us Fri, 16 Mar 1990 00:00:00 +0530 Sat, 04 Dec 2010 18:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56621 The Tribunal partly allowed the appeal, upholding the penalty for the unexplained investment of Rs. 71,365 under section 271(1)(c) of the IT Act, 1961. However, no penalty was imposed for the Rs. 15,000 income from trading in gold ornaments as the business resulted in a loss. Case-Laws Income Tax Fri, 16 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56621