1983 (12) TMI 26 - HC - Income Tax

Summary

The High Court of Bombay set aside the Commissioner of Income-tax's order reducing penalties under the I.T. Act, 1961, for the petitioner, an assessable person on behalf of an HUF. The court ruled that the order lacked reasons for the reduction and remitted the proceedings back to the Commissioner for fresh disposal with a requirement to provide a speaking order. The petition succeeded, and there were no costs awarded. (Case citation: 1983 (12) TMI 26 - BOMBAY High Court)