https://www.taxtmi.com/caselaws?id=58048 The Tribunal held that the assessee did not qualify for benefits under the amnesty scheme due to incomplete and non-voluntary disclosures. Regarding penalties under sections 271(1)(c) and 273, penalties were deleted for unproven income from jewelry sales and loans, but upheld for inaccurate cash credit disclosures. The Tribunal directed reassessment of penalties under section 271(1)(c) and remanded the penalty under section 273 for further review, partially allowing the appeal. en-us Mon, 08 Jan 1996 00:00:00 +0530 Fri, 17 Dec 2010 10:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58048 The Tribunal held that the assessee did not qualify for benefits under the amnesty scheme due to incomplete and non-voluntary disclosures. Regarding penalties under sections 271(1)(c) and 273, penalties were deleted for unproven income from jewelry sales and loans, but upheld for inaccurate cash credit disclosures. The Tribunal directed reassessment of penalties under section 271(1)(c) and remanded the penalty under section 273 for further review, partially allowing the appeal. Case-Laws Income Tax Mon, 08 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58048