https://www.taxtmi.com/caselaws?id=60124 The Tribunal upheld the penalty imposed by the Income Tax Officer under section 273(a) of the Income-tax Act, 1961, reversing the Commissioner (Appeals) decision to cancel the penalty. The Tribunal found that the Income Tax Officer had provided sufficient evidence to justify the penalty, indicating that the assessee knowingly filed an untrue income estimate. The Tribunal concluded that the penalty was validly imposed, overturning the cancellation by the Commissioner (Appeals) and restoring the penalty order. en-us Tue, 25 Mar 1986 00:00:00 +0530 Mon, 03 Jan 2011 17:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60124 The Tribunal upheld the penalty imposed by the Income Tax Officer under section 273(a) of the Income-tax Act, 1961, reversing the Commissioner (Appeals) decision to cancel the penalty. The Tribunal found that the Income Tax Officer had provided sufficient evidence to justify the penalty, indicating that the assessee knowingly filed an untrue income estimate. The Tribunal concluded that the penalty was validly imposed, overturning the cancellation by the Commissioner (Appeals) and restoring the penalty order. Case-Laws Income Tax Tue, 25 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60124