https://www.taxtmi.com/caselaws?id=286262 The High Court of Patna upheld the Tribunal's decision to set aside penalty orders imposed by departmental authorities on the assessee for assessment years 1965-66 and 1966-67 under section 271(1)(c) of the Income-tax Act, 1961. The Court found that the penalties could not be imposed based on established legal principles, particularly after the Supreme Court ruling in CIT v. Anwar Ali. The Court emphasized that the assessee had discharged the initial burden of proof, and the Tribunal's decision was justified under the Explanation to section 271(1)(c). en-us Thu, 21 Jul 1983 00:00:00 +0530 Tue, 18 Feb 2020 15:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286262 The High Court of Patna upheld the Tribunal's decision to set aside penalty orders imposed by departmental authorities on the assessee for assessment years 1965-66 and 1966-67 under section 271(1)(c) of the Income-tax Act, 1961. The Court found that the penalties could not be imposed based on established legal principles, particularly after the Supreme Court ruling in CIT v. Anwar Ali. The Court emphasized that the assessee had discharged the initial burden of proof, and the Tribunal's decision was justified under the Explanation to section 271(1)(c). Case-Laws Income Tax Thu, 21 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286262