https://www.taxtmi.com/caselaws?id=28690 The High Court of Madhya Pradesh dismissed applications regarding penalties under section 271(1)(c) of the Income-tax Act, 1961 for assessment years 1969-70 and 1970-71. The burden of proof was on the assessee to show no fraud or wilful neglect. The Tribunal found no grounds for penalty imposition, considering evidence of gifts and donations. The Appellate Authority Commissioner cancelled the penalties, and the High Court upheld the decisions, stating the burden of proof was met and no legal questions arose. Penalty cancellations were affirmed, and no further legal issues were identified. en-us Fri, 25 Sep 1981 00:00:00 +0530 Wed, 24 Feb 2010 17:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28690 The High Court of Madhya Pradesh dismissed applications regarding penalties under section 271(1)(c) of the Income-tax Act, 1961 for assessment years 1969-70 and 1970-71. The burden of proof was on the assessee to show no fraud or wilful neglect. The Tribunal found no grounds for penalty imposition, considering evidence of gifts and donations. The Appellate Authority Commissioner cancelled the penalties, and the High Court upheld the decisions, stating the burden of proof was met and no legal questions arose. Penalty cancellations were affirmed, and no further legal issues were identified. Case-Laws Income Tax Fri, 25 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28690