https://www.taxtmi.com/caselaws?id=182165 The High Court dismissed the appeals concerning penalties under section 271C of the Income-tax Act, 1961 for the financial years 1997-98 and 1998-99. The Court upheld the Income-tax Appellate Tribunal's decision, emphasizing that the determination of "reasonable cause" for not depositing tax is a factual inquiry. The Court found no legal questions arising from the case, solely focusing on the issue of "reasonable cause." The appeals were dismissed without considering other aspects, underscoring the significance of factual assessments in tax penalty matters and the restricted scope of legal review in such cases. en-us Thu, 13 May 2004 00:00:00 +0530 Wed, 04 May 2016 11:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182165 The High Court dismissed the appeals concerning penalties under section 271C of the Income-tax Act, 1961 for the financial years 1997-98 and 1998-99. The Court upheld the Income-tax Appellate Tribunal's decision, emphasizing that the determination of "reasonable cause" for not depositing tax is a factual inquiry. The Court found no legal questions arising from the case, solely focusing on the issue of "reasonable cause." The appeals were dismissed without considering other aspects, underscoring the significance of factual assessments in tax penalty matters and the restricted scope of legal review in such cases. Case-Laws Income Tax Thu, 13 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182165