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of <h1>Court denies application to direct Tribunal to state case in penalty proceedings under section 271(1)(c) for falsely claimed losses.</h1> <h3>Kedar Nath Sanwal Dass Versus Commissioner Of Income-Tax, Punjab</h3> Kedar Nath Sanwal Dass Versus Commissioner Of Income-Tax, Punjab - [1978] 111 ITR 440 The High Court of Punjab and Haryana rejected the application to direct the Tribunal to state a case in penalty proceedings. The court held that the finding of falsely claimed losses by the assessee was enough to establish a scheme to evade revenue, justifying penalty proceedings under section 271(1)(c). No additional reasons were deemed necessary. The application was rejected with no costs.
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