https://www.taxtmi.com/caselaws?id=65747 The Appellate Tribunal ITAT Gauhati ruled in favor of the assessee, a registered firm, in a case involving the imposition of a penalty under section 273(c) of the Income Tax Act, 1961. The Tribunal found that the Department failed to establish prima facie evidence of liability for the penalty and concluded that the penalty imposition was unjustified. As a result, the Tribunal quashed the orders of the lower authorities and allowed the appeal by the assessee, overturning the penalty of Rs. 3,000 imposed for the assessment year 1977-78. en-us Thu, 29 Nov 1979 00:00:00 +0530 Fri, 18 Feb 2011 15:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65747 The Appellate Tribunal ITAT Gauhati ruled in favor of the assessee, a registered firm, in a case involving the imposition of a penalty under section 273(c) of the Income Tax Act, 1961. The Tribunal found that the Department failed to establish prima facie evidence of liability for the penalty and concluded that the penalty imposition was unjustified. As a result, the Tribunal quashed the orders of the lower authorities and allowed the appeal by the assessee, overturning the penalty of Rs. 3,000 imposed for the assessment year 1977-78. Case-Laws Income Tax Thu, 29 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65747