https://www.taxtmi.com/caselaws?id=67361 The Tribunal canceled penalties of Rs. 19,000 for AY 1975-76 and Rs. 3,500 for AY 1976-77, as the revised returns were voluntarily filed by the assessee to avoid litigation, with no evidence of concealment found. The Tribunal held that the assessee had discharged the burden of proving the non-existence of fraud or willful neglect, distinguishing the case from others by noting the voluntary nature of the revised returns and lack of detection process by the ITO. en-us Thu, 14 Apr 1983 00:00:00 +0530 Thu, 10 Mar 2011 12:05:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67361 The Tribunal canceled penalties of Rs. 19,000 for AY 1975-76 and Rs. 3,500 for AY 1976-77, as the revised returns were voluntarily filed by the assessee to avoid litigation, with no evidence of concealment found. The Tribunal held that the assessee had discharged the burden of proving the non-existence of fraud or willful neglect, distinguishing the case from others by noting the voluntary nature of the revised returns and lack of detection process by the ITO. Case-Laws Income Tax Thu, 14 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67361