https://www.taxtmi.com/caselaws?id=211783 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. It was determined that the errors in the original return were clerical in nature and not intentional, as the assessee promptly revised the computation of income upon realizing the mistakes. The Tribunal found no evidence of deliberate concealment or furnishing of inaccurate particulars of income, leading to the dismissal of the Revenue's appeal. en-us Fri, 17 Feb 2012 00:00:00 +0530 Mon, 26 Mar 2012 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211783 The Tribunal upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. It was determined that the errors in the original return were clerical in nature and not intentional, as the assessee promptly revised the computation of income upon realizing the mistakes. The Tribunal found no evidence of deliberate concealment or furnishing of inaccurate particulars of income, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211783