https://www.taxtmi.com/caselaws?id=15121 The High Court upheld the penalty order under section 271(1)(c) of the Income-tax Act, 1961, despite the absence of a specific penalty amount. Relying on a decision from Gauhati High Court, the Court determined that the penalty order's validity is maintained as long as the penalty amount can be computed based on the relevant provisions of the Act. The Court ruled in favor of the Revenue, emphasizing that the penalty order's lack of explicit quantification did not invalidate it, aligning with the calculation provision in the Income-tax Act. en-us Fri, 31 Mar 2000 00:00:00 +0530 Mon, 03 Aug 2009 11:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15121 The High Court upheld the penalty order under section 271(1)(c) of the Income-tax Act, 1961, despite the absence of a specific penalty amount. Relying on a decision from Gauhati High Court, the Court determined that the penalty order's validity is maintained as long as the penalty amount can be computed based on the relevant provisions of the Act. The Court ruled in favor of the Revenue, emphasizing that the penalty order's lack of explicit quantification did not invalidate it, aligning with the calculation provision in the Income-tax Act. Case-Laws Income Tax Fri, 31 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15121