https://www.taxtmi.com/caselaws?id=258825 The High Court upheld the Tribunal's decision that the assessee's genuine mistake in tax calculation did not warrant a penalty, citing the possibility of human errors. The Court agreed with the assessee's explanation that the tax rate discrepancy was inadvertent. Additionally, the inclusion of a dividend amount in income was deemed a bona fide mistake, promptly corrected by filing a revised income computation. The Court supported the Tribunal's findings and dismissed the appeal based on factual determinations and the corrective measures taken by the assessee. en-us Mon, 07 Oct 2013 00:00:00 +0530 Tue, 21 Apr 2015 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258825 The High Court upheld the Tribunal's decision that the assessee's genuine mistake in tax calculation did not warrant a penalty, citing the possibility of human errors. The Court agreed with the assessee's explanation that the tax rate discrepancy was inadvertent. Additionally, the inclusion of a dividend amount in income was deemed a bona fide mistake, promptly corrected by filing a revised income computation. The Court supported the Tribunal's findings and dismissed the appeal based on factual determinations and the corrective measures taken by the assessee. Case-Laws Income Tax Mon, 07 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258825