https://www.taxtmi.com/caselaws?id=19031 The High Court upheld the Tribunal's decision in a case concerning a penalty levy under the Income-tax Act, 1961. The Tribunal found no penalty was warranted due to the assessee's genuine explanations and the absence of wilful neglect or fraud. The High Court clarified that while factual findings are final, questions of law can be referred to it, but in this instance, no such questions arose. The Court dismissed the Commissioner's petition, affirming the Tribunal's decision and emphasizing the lack of errors in its order. en-us Wed, 15 Mar 1995 00:00:00 +0530 Tue, 03 Nov 2009 15:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19031 The High Court upheld the Tribunal's decision in a case concerning a penalty levy under the Income-tax Act, 1961. The Tribunal found no penalty was warranted due to the assessee's genuine explanations and the absence of wilful neglect or fraud. The High Court clarified that while factual findings are final, questions of law can be referred to it, but in this instance, no such questions arose. The Court dismissed the Commissioner's petition, affirming the Tribunal's decision and emphasizing the lack of errors in its order. Case-Laws Income Tax Wed, 15 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19031