https://www.taxtmi.com/caselaws?id=62064 The Tribunal set aside the Appellate Assistant Commissioner's decision and directed a reassessment to determine the presence of gross negligence in omitting substantial receipts. The case was remitted for further investigation to clarify the handling of income sources and the encashment of cheques, with the burden on the assessee to prove the absence of gross negligence to avoid penalty imposition under section 271(1)(c) for the assessment year 1971-72. en-us Fri, 28 Nov 1975 00:00:00 +0530 Mon, 17 Jan 2011 18:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62064 The Tribunal set aside the Appellate Assistant Commissioner's decision and directed a reassessment to determine the presence of gross negligence in omitting substantial receipts. The case was remitted for further investigation to clarify the handling of income sources and the encashment of cheques, with the burden on the assessee to prove the absence of gross negligence to avoid penalty imposition under section 271(1)(c) for the assessment year 1971-72. Case-Laws Income Tax Fri, 28 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62064