https://www.taxtmi.com/caselaws?id=55116 The Tribunal dismissed the appeal, upholding the cancellation of the penalty by the Commissioner. It found that the assessee had not supplied inaccurate particulars of income to reduce tax liability, as there was a possible view that the delivery of goods had occurred, even if constructively. The Tribunal emphasized the importance of proving the default beyond reasonable doubt for imposing penalties, distinguishing the case from those involving false loss claims. en-us Fri, 05 Oct 1990 00:00:00 +0530 Wed, 24 Nov 2010 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55116 The Tribunal dismissed the appeal, upholding the cancellation of the penalty by the Commissioner. It found that the assessee had not supplied inaccurate particulars of income to reduce tax liability, as there was a possible view that the delivery of goods had occurred, even if constructively. The Tribunal emphasized the importance of proving the default beyond reasonable doubt for imposing penalties, distinguishing the case from those involving false loss claims. Case-Laws Income Tax Fri, 05 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55116