https://www.taxtmi.com/caselaws?id=25343 The High Court upheld the Tribunal's decision to confirm the penalty imposed under section 271(1)(c) of the Income-tax Act, despite the partners' acquittal by the criminal court. The Court ruled that the Tribunal was not obliged to consider the criminal court's judgment as it did not rely on it in its decision. Consequently, the first issue was resolved in favor of the Revenue, leading to the dismissal of the review petition and the rejection of the request for leave to appeal to the Supreme Court. en-us Wed, 25 Mar 1987 00:00:00 +0530 Thu, 28 Jan 2010 10:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25343 The High Court upheld the Tribunal's decision to confirm the penalty imposed under section 271(1)(c) of the Income-tax Act, despite the partners' acquittal by the criminal court. The Court ruled that the Tribunal was not obliged to consider the criminal court's judgment as it did not rely on it in its decision. Consequently, the first issue was resolved in favor of the Revenue, leading to the dismissal of the review petition and the rejection of the request for leave to appeal to the Supreme Court. Case-Laws Income Tax Wed, 25 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25343