https://www.taxtmi.com/caselaws?id=24312 Penalty under section 271(1)(c) was not exigible where the Tribunal accepted the assessee's explanation and supporting evidence for the disputed commission and draft additions. On those findings, the assessee had discharged the burden of showing that the amounts were not attributable to concealment, gross or wilful neglect, or fraud. The Court found no error in the Tribunal's cancellation of penalty and upheld the relief in favour of the assessee. en-us Thu, 17 Nov 1988 00:00:00 +0530 Tue, 19 Jan 2010 11:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24312 Penalty under section 271(1)(c) was not exigible where the Tribunal accepted the assessee's explanation and supporting evidence for the disputed commission and draft additions. On those findings, the assessee had discharged the burden of showing that the amounts were not attributable to concealment, gross or wilful neglect, or fraud. The Court found no error in the Tribunal's cancellation of penalty and upheld the relief in favour of the assessee. Case-Laws Income Tax Thu, 17 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24312