https://www.taxtmi.com/caselaws?id=247550 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to annul the penalty imposed under the incorrect section of the Income Tax Act, 1961. Emphasizing the importance of accurate application of statutory provisions, the judgment highlighted the inapplicability of section 292B in cases involving substantial errors rather than mere technicalities. en-us Wed, 30 Apr 2014 00:00:00 +0530 Thu, 15 May 2014 08:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247550 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to annul the penalty imposed under the incorrect section of the Income Tax Act, 1961. Emphasizing the importance of accurate application of statutory provisions, the judgment highlighted the inapplicability of section 292B in cases involving substantial errors rather than mere technicalities. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247550