https://www.taxtmi.com/caselaws?id=58441 The Tribunal concluded that penalties under Section 271(1)(c) for the assessment years 1968-69 and 1969-70 could not be sustained as no gross neglect or fraud was established by the Revenue. Therefore, the penalties were remitted, and the appeals of the assessee were accepted, resulting in the setting aside of the penalties for both assessment years. en-us Fri, 07 Dec 1979 00:00:00 +0530 Mon, 20 Dec 2010 10:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58441 The Tribunal concluded that penalties under Section 271(1)(c) for the assessment years 1968-69 and 1969-70 could not be sustained as no gross neglect or fraud was established by the Revenue. Therefore, the penalties were remitted, and the appeals of the assessee were accepted, resulting in the setting aside of the penalties for both assessment years. Case-Laws Income Tax Fri, 07 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58441