https://www.taxtmi.com/caselaws?id=38280 The court ruled in favor of the assessee in a case involving the assessment of income, validity of penalty imposed, and compliance with the prescribed form for filing returns. The Tribunal reduced the income from private practice, and the penalty of Rs. 10,000 imposed by the Inspecting Assistant Commissioner was deemed illegal due to the original return not being in the prescribed form. Emphasizing the mandatory nature of filing in the correct form, the court supported the Tribunal's decision to ignore the original return, ultimately invalidating the penalty and ruling in favor of the assessee. en-us Fri, 16 Dec 1977 00:00:00 +0530 Mon, 05 Apr 2010 12:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38280 The court ruled in favor of the assessee in a case involving the assessment of income, validity of penalty imposed, and compliance with the prescribed form for filing returns. The Tribunal reduced the income from private practice, and the penalty of Rs. 10,000 imposed by the Inspecting Assistant Commissioner was deemed illegal due to the original return not being in the prescribed form. Emphasizing the mandatory nature of filing in the correct form, the court supported the Tribunal's decision to ignore the original return, ultimately invalidating the penalty and ruling in favor of the assessee. Case-Laws Income Tax Fri, 16 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38280