No Penalty u/s 271(1)(c) for Inadvertent Error; Expertise of Assessee Deemed Irrelevant by Court.

No Penalty u/s 271(1)(c) for Inadvertent Error; Expertise of Assessee Deemed Irrelevant by Court. https://www.taxtmi.com/highlights?id=15210 Penalty u/s 271(1)(c) - The calibre and expertise of the assessee has little or nothing to do with the inadvertent error. Absence of due care, in a case such as the present does not mean that the assessed is guilty of either furnishing inaccurate particulars or attempting to conceal its income. - No penalty - AT en-us Mon, 21 Oct 2013 14:43:10 +0530 Mon, 21 Oct 2013 14:43:10 +0530 TaxTMI RSS Generator No Penalty u/s 271(1)(c) for Inadvertent Error; Expertise of Assessee Deemed Irrelevant by Court. https://www.taxtmi.com/highlights?id=15210 Penalty u/s 271(1)(c) - The calibre and expertise of the assessee has little or nothing to do with the inadvertent error. Absence of due care, in a case such as the present does not mean that the assessed is guilty of either furnishing inaccurate particulars or attempting to conceal its income. - No penalty - AT Highlights Income Tax Mon, 21 Oct 2013 14:43:10 +0530 https://www.taxtmi.com/highlights?id=15210