https://www.taxtmi.com/caselaws?id=39348 The High Court held that the Tribunal was correct in relying on the disclosure made by the assessee to find gross or wilful neglect within the meaning of the Explanation to section 271(1)(c) of the Income-tax Act. The court determined that the prohibition under section 24(11) did not prevent the Tribunal from considering the disclosure for this purpose. The reference was answered against the assessee, who was directed to pay costs to the Commissioner. en-us Tue, 20 Aug 1974 00:00:00 +0530 Thu, 15 Apr 2010 17:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39348 The High Court held that the Tribunal was correct in relying on the disclosure made by the assessee to find gross or wilful neglect within the meaning of the Explanation to section 271(1)(c) of the Income-tax Act. The court determined that the prohibition under section 24(11) did not prevent the Tribunal from considering the disclosure for this purpose. The reference was answered against the assessee, who was directed to pay costs to the Commissioner. Case-Laws Income Tax Tue, 20 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39348