https://www.taxtmi.com/caselaws?id=70848 The Tribunal found that the penalty under section 271C was unjustified as the assessee acted in good faith, believing the gratuity exemption limit was Rs. 2,50,000. The penalties imposed were deleted due to lack of evidence of mala fide intention. The appeals were allowed, and the penalties under section 271C were deleted. en-us Fri, 23 Sep 2005 00:00:00 +0530 Tue, 19 Apr 2011 16:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70848 The Tribunal found that the penalty under section 271C was unjustified as the assessee acted in good faith, believing the gratuity exemption limit was Rs. 2,50,000. The penalties imposed were deleted due to lack of evidence of mala fide intention. The appeals were allowed, and the penalties under section 271C were deleted. Case-Laws Income Tax Fri, 23 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70848