https://www.taxtmi.com/caselaws?id=258909 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was unsustainable as the revised return correcting errors was filed with professional assistance and in good faith. The Tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee and emphasizing that inadvertent errors rectified through a revised return do not justify penalty imposition for furnishing inaccurate particulars of income. en-us Mon, 23 Feb 2015 00:00:00 +0530 Fri, 24 Apr 2015 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258909 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was unsustainable as the revised return correcting errors was filed with professional assistance and in good faith. The Tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee and emphasizing that inadvertent errors rectified through a revised return do not justify penalty imposition for furnishing inaccurate particulars of income. Case-Laws Income Tax Mon, 23 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258909