https://www.taxtmi.com/caselaws?id=15023 The High Court dismissed the Revenue's appeal against the cancellation of a penalty under section 271(1)(c) of the Income-tax Act. The court upheld the decision of the Income-tax Appellate Tribunal and Commissioner of Income-tax (Appeals), emphasizing the absence of deliberateness or mens rea in the assessee's actions. The court ruled that the controversy over the terms "deliberate" and "mens rea" was not pivotal in this case, as the assessee's explanation was accepted, and there was no basis to deem the return as false. The court concluded that deliberateness or mens rea was not a prerequisite for penalty proceedings in this instance. en-us Fri, 12 Feb 1999 00:00:00 +0530 Mon, 27 Jul 2009 16:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15023 The High Court dismissed the Revenue's appeal against the cancellation of a penalty under section 271(1)(c) of the Income-tax Act. The court upheld the decision of the Income-tax Appellate Tribunal and Commissioner of Income-tax (Appeals), emphasizing the absence of deliberateness or mens rea in the assessee's actions. The court ruled that the controversy over the terms "deliberate" and "mens rea" was not pivotal in this case, as the assessee's explanation was accepted, and there was no basis to deem the return as false. The court concluded that deliberateness or mens rea was not a prerequisite for penalty proceedings in this instance. Case-Laws Income Tax Fri, 12 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15023