https://www.taxtmi.com/caselaws?id=15882 The High Court dismissed the Commissioner of Income-tax's petition seeking a direction to the Income-tax Appellate Tribunal to refer questions on the dismissal of a penalty under section 271(1)(c) and the requirement of proving mens rea for a quasi-criminal offense. The Tribunal's decision to delete the penalty was upheld as the surrender of cash credits by the assessee was not considered an admission of concealed income due to lack of evidence. The High Court found no legal question fit for reference and upheld the Tribunal's findings, ultimately dismissing the petition without costs. en-us Tue, 27 Jul 1999 00:00:00 +0530 Sat, 29 Aug 2009 16:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15882 The High Court dismissed the Commissioner of Income-tax's petition seeking a direction to the Income-tax Appellate Tribunal to refer questions on the dismissal of a penalty under section 271(1)(c) and the requirement of proving mens rea for a quasi-criminal offense. The Tribunal's decision to delete the penalty was upheld as the surrender of cash credits by the assessee was not considered an admission of concealed income due to lack of evidence. The High Court found no legal question fit for reference and upheld the Tribunal's findings, ultimately dismissing the petition without costs. Case-Laws Income Tax Tue, 27 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15882