https://www.taxtmi.com/caselaws?id=254137 The High Court held that the assessee did not discharge the onus under Explanation 1 to Section 271(1)(c) of the Income Tax Act, 1961. The revised return was not filed voluntarily, and the claim was deemed patently incorrect. Consequently, the substantial question of law was decided in favor of the Revenue, upholding the penalty imposed by the Assessing Officer. The appeal was dismissed without costs. en-us Mon, 01 Dec 2014 00:00:00 +0530 Thu, 21 Jul 2016 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254137 The High Court held that the assessee did not discharge the onus under Explanation 1 to Section 271(1)(c) of the Income Tax Act, 1961. The revised return was not filed voluntarily, and the claim was deemed patently incorrect. Consequently, the substantial question of law was decided in favor of the Revenue, upholding the penalty imposed by the Assessing Officer. The appeal was dismissed without costs. Case-Laws Income Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254137