https://www.taxtmi.com/caselaws?id=36116 The court set aside the single judge's judgment, quashed the penalty notice issued by the Income Tax Officer, and directed the respondents to disregard any actions based on the notice. The security furnished by the appellant was discharged, and no costs were awarded. The court emphasized the importance of considering the appellant's genuine belief in tax matters and its authority to intervene in penalty proceedings in the interest of justice. The revenue's request for a certificate for appeal to the Supreme Court was rejected. en-us Wed, 10 Dec 1980 00:00:00 +0530 Fri, 19 Mar 2010 13:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36116 The court set aside the single judge's judgment, quashed the penalty notice issued by the Income Tax Officer, and directed the respondents to disregard any actions based on the notice. The security furnished by the appellant was discharged, and no costs were awarded. The court emphasized the importance of considering the appellant's genuine belief in tax matters and its authority to intervene in penalty proceedings in the interest of justice. The revenue's request for a certificate for appeal to the Supreme Court was rejected. Case-Laws Income Tax Wed, 10 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36116