https://www.taxtmi.com/caselaws?id=39212 Penalty under section 271(1)(c) had to be examined by reference to the law in force when the return was filed, including the post-amendment wording and the inserted Explanation. The Tribunal erred by applying the earlier Anwar Ali approach without considering the deletion of the word "deliberately" and the amended statutory test, so its penalty finding was vitiated. The matter therefore had to be reconsidered under the amended provision, and the cancellation of the penalty was stated to be unjustified in law, with the answer against the assessee and in favour of the Revenue. en-us Wed, 05 Sep 1973 00:00:00 +0530 Tue, 13 Apr 2010 17:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39212 Penalty under section 271(1)(c) had to be examined by reference to the law in force when the return was filed, including the post-amendment wording and the inserted Explanation. The Tribunal erred by applying the earlier Anwar Ali approach without considering the deletion of the word "deliberately" and the amended statutory test, so its penalty finding was vitiated. The matter therefore had to be reconsidered under the amended provision, and the cancellation of the penalty was stated to be unjustified in law, with the answer against the assessee and in favour of the Revenue. Case-Laws Income Tax Wed, 05 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39212