Tribunal decision upheld in mistaken rebate claim appeal under Section 88E of Income Tax Act.

The High Court upheld the Tribunal's decision to set aside the penalty for a mistaken rebate claim under Section 88E of the Income Tax Act, 1961 for the assessment year 2007-2008, due to the accountant's error. The appeal against the Tribunal's order was dismissed, and no penalty was imposed on the assessee.

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The High Court dismissed the appeal against the Tribunal's order upholding the decision of the CIT (Appeals) to set aside the penalty for wrongly claiming rebate under Section 88E of the Income Tax Act, 1961 for the assessment year 2007-2008. The erroneous claim was due to the accountant's mistake, and no penalty was imposed on the assessee.

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