https://www.taxtmi.com/caselaws?id=36348 The High Court directed a rehearing of the appeal regarding the assessment of penalty under section 271(1)(c) of the Income-tax Act, 1961, emphasizing the need for a proper decision in line with legal principles. The Court highlighted the importance of thorough examination and adherence to legal standards in assessing penalties for income tax violations, instructing the Tribunal to reconsider the case with due regard to legal observations provided. en-us Mon, 10 Jul 1978 00:00:00 +0530 Sat, 20 Mar 2010 18:09:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36348 The High Court directed a rehearing of the appeal regarding the assessment of penalty under section 271(1)(c) of the Income-tax Act, 1961, emphasizing the need for a proper decision in line with legal principles. The Court highlighted the importance of thorough examination and adherence to legal standards in assessing penalties for income tax violations, instructing the Tribunal to reconsider the case with due regard to legal observations provided. Case-Laws Income Tax Mon, 10 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36348