https://www.taxtmi.com/caselaws?id=61375 The appellate tribunal partly allowed the appeal against the enhanced penalty imposed by the Income Tax Officer under section 271(1)(c). The tribunal cancelled the penalty enhancement for a specific component that had already been considered and cancelled in earlier proceedings. It upheld the penalty for interest income not shown in the initial returns but deleted the penalty for unexplained cash credit, deeming the explanation provided acceptable. The tribunal's decision was based on a detailed analysis of the facts and legal provisions, resulting in a mixed outcome for the parties involved. en-us Fri, 29 Nov 1985 00:00:00 +0530 Wed, 12 Jan 2011 14:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61375 The appellate tribunal partly allowed the appeal against the enhanced penalty imposed by the Income Tax Officer under section 271(1)(c). The tribunal cancelled the penalty enhancement for a specific component that had already been considered and cancelled in earlier proceedings. It upheld the penalty for interest income not shown in the initial returns but deleted the penalty for unexplained cash credit, deeming the explanation provided acceptable. The tribunal's decision was based on a detailed analysis of the facts and legal provisions, resulting in a mixed outcome for the parties involved. Case-Laws Income Tax Fri, 29 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61375