https://www.taxtmi.com/caselaws?id=18388 The High Court quashed the orders of the Tribunal, ruling in favor of the assessee. It found that the burden of proof under Section 271(1)(c) was met, emphasizing that penalties should align with the law at the time of the original return filing. The Court directed the Tribunal to adjust orders accordingly, highlighting the importance of evidence and proper consideration in penalty proceedings. en-us Thu, 15 Feb 1996 00:00:00 +0530 Wed, 30 Sep 2009 16:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18388 The High Court quashed the orders of the Tribunal, ruling in favor of the assessee. It found that the burden of proof under Section 271(1)(c) was met, emphasizing that penalties should align with the law at the time of the original return filing. The Court directed the Tribunal to adjust orders accordingly, highlighting the importance of evidence and proper consideration in penalty proceedings. Case-Laws Income Tax Thu, 15 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18388