https://www.taxtmi.com/caselaws?id=213243 The appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2004-2005 was dismissed. The assessing officer's penalty was set aside by the CIT(A) and upheld by the Tribunal, emphasizing the mistake as a human error promptly rectified by the assessee. The Tribunal found no deliberate attempt at furnishing inaccurate particulars, leading to the rejection of the appeal based on factual findings and the Tribunal's reasoned decision. en-us Thu, 22 Mar 2012 00:00:00 +0530 Sat, 12 May 2012 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213243 The appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2004-2005 was dismissed. The assessing officer's penalty was set aside by the CIT(A) and upheld by the Tribunal, emphasizing the mistake as a human error promptly rectified by the assessee. The Tribunal found no deliberate attempt at furnishing inaccurate particulars, leading to the rejection of the appeal based on factual findings and the Tribunal's reasoned decision. Case-Laws Income Tax Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213243