https://www.taxtmi.com/caselaws?id=57031 The appeal was dismissed as time-barred due to a seven-day delay in filing. Regarding the penalty under section 271(1)(c) of the Income-tax Act, the Tribunal found it unjustified as the assessee satisfactorily explained discrepancies, with no evidence of fraud or wilful neglect. The Commissioner (Appeals)'s decision to delete the penalty was upheld. en-us Wed, 31 Jul 1985 00:00:00 +0530 Wed, 08 Dec 2010 10:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57031 The appeal was dismissed as time-barred due to a seven-day delay in filing. Regarding the penalty under section 271(1)(c) of the Income-tax Act, the Tribunal found it unjustified as the assessee satisfactorily explained discrepancies, with no evidence of fraud or wilful neglect. The Commissioner (Appeals)'s decision to delete the penalty was upheld. Case-Laws Income Tax Wed, 31 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57031