1979 (10) TMI 8 - HC - Income Tax

Summary

The High Court of Madhya Pradesh held that the penalty imposed under section 271(1)(c) of the Income-tax Act for the assessment year 1965-66 was justified. The court ruled that the default was not attributable to the return filed in the original assessment proceedings, making the amended provisions of section 271(1)(c) applicable. The court's decision was against the assessee, who did not appear in the proceedings.