https://www.taxtmi.com/caselaws?id=62555 The Tribunal upheld the penalty of Rs. 13,620 imposed on the assessee under section 271(1)(a) for late filing of the return and deliberate tax avoidance through a method change. Despite arguments for penalty deletion citing a similar trust case, the Tribunal affirmed the penalty, emphasizing the deliberate nature of the tax evasion attempt. The appeal was dismissed, confirming the penalty imposition under section 271(1)(c) based on the deliberate avoidance of timely filing and accurate income assessment above the taxable limit. en-us Wed, 30 Nov 1994 00:00:00 +0530 Thu, 20 Jan 2011 13:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62555 The Tribunal upheld the penalty of Rs. 13,620 imposed on the assessee under section 271(1)(a) for late filing of the return and deliberate tax avoidance through a method change. Despite arguments for penalty deletion citing a similar trust case, the Tribunal affirmed the penalty, emphasizing the deliberate nature of the tax evasion attempt. The appeal was dismissed, confirming the penalty imposition under section 271(1)(c) based on the deliberate avoidance of timely filing and accurate income assessment above the taxable limit. Case-Laws Income Tax Wed, 30 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62555