https://www.taxtmi.com/caselaws?id=26354 The High Court affirmed the Appellate Assistant Commissioner's power to enhance penalties under the Income-tax Act for specific assessment years. The Court emphasized the need to provide the assessee with a reasonable opportunity to contest such enhancements. The previous decision validated the Income-tax Officer's authority to levy penalties but did not determine the correct penalty amount. The Court found that the assessee had consciously disregarded its tax obligations, justifying the penalties imposed. As a result, the High Court upheld the penalties against the assessee, with no order as to costs. en-us Wed, 18 Jul 1984 00:00:00 +0530 Thu, 04 Feb 2010 13:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26354 The High Court affirmed the Appellate Assistant Commissioner's power to enhance penalties under the Income-tax Act for specific assessment years. The Court emphasized the need to provide the assessee with a reasonable opportunity to contest such enhancements. The previous decision validated the Income-tax Officer's authority to levy penalties but did not determine the correct penalty amount. The Court found that the assessee had consciously disregarded its tax obligations, justifying the penalties imposed. As a result, the High Court upheld the penalties against the assessee, with no order as to costs. Case-Laws Income Tax Wed, 18 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26354