https://www.taxtmi.com/caselaws?id=36745 The High Court upheld the Tribunal's decision to set aside the penalty imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961. The Court found that the burden of proving the absence of fraud or wilful neglect lay with the assessee, and the Tribunal's decision was based on a factual assessment of the evidence presented. As no question of law arose, the Court rejected the application, directing each party to bear their own costs. en-us Mon, 10 Jan 1977 00:00:00 +0530 Wed, 24 Mar 2010 12:22:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36745 The High Court upheld the Tribunal's decision to set aside the penalty imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961. The Court found that the burden of proving the absence of fraud or wilful neglect lay with the assessee, and the Tribunal's decision was based on a factual assessment of the evidence presented. As no question of law arose, the Court rejected the application, directing each party to bear their own costs. Case-Laws Income Tax Mon, 10 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36745