https://www.taxtmi.com/caselaws?id=217839 The Tribunal overturned the penalty imposed under sec. 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2006-07. The Tribunal found the penalties unjustified, considering the nature of the mistakes and the lack of evidence supporting deliberate tax evasion. The ruling favored the appellant, leading to the deletion of the penalty imposed by the Assessing Officer. en-us Fri, 12 Oct 2012 00:00:00 +0530 Tue, 23 Oct 2012 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217839 The Tribunal overturned the penalty imposed under sec. 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2006-07. The Tribunal found the penalties unjustified, considering the nature of the mistakes and the lack of evidence supporting deliberate tax evasion. The ruling favored the appellant, leading to the deletion of the penalty imposed by the Assessing Officer. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217839