https://www.taxtmi.com/caselaws?id=36058 The High Court remitted the case back to the Tribunal for reconsideration of the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the importance of considering the Central Board of Direct Taxes' instructions allowing for the filing of revised returns in case of false original returns to avoid penalties. en-us Thu, 16 Apr 1981 00:00:00 +0530 Fri, 19 Mar 2010 11:10:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36058 The High Court remitted the case back to the Tribunal for reconsideration of the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the importance of considering the Central Board of Direct Taxes' instructions allowing for the filing of revised returns in case of false original returns to avoid penalties. Case-Laws Income Tax Thu, 16 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36058