https://www.taxtmi.com/caselaws?id=262493 The ITAT Hyderabad allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act. The ITAT determined that there was no evidence of deliberate concealment or furnishing inaccurate particulars, as the discrepancies in the wages account were unintentional errors and not indicative of willful tampering. The ITAT found that since the additions were accepted during assessment without allegations of manipulation, the penalty imposition was unwarranted. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 12 Aug 2015 06:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262493 The ITAT Hyderabad allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act. The ITAT determined that there was no evidence of deliberate concealment or furnishing inaccurate particulars, as the discrepancies in the wages account were unintentional errors and not indicative of willful tampering. The ITAT found that since the additions were accepted during assessment without allegations of manipulation, the penalty imposition was unwarranted. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262493