https://www.taxtmi.com/caselaws?id=264567 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The errors were deemed inadvertent, not a deliberate act of furnishing inaccurate particulars or concealing income. The judgment emphasized the distinction between making an incorrect claim and furnishing inaccurate particulars, aligning with the principles laid down by the Supreme Court. en-us Wed, 23 Sep 2015 00:00:00 +0530 Mon, 28 Sep 2015 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264567 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The errors were deemed inadvertent, not a deliberate act of furnishing inaccurate particulars or concealing income. The judgment emphasized the distinction between making an incorrect claim and furnishing inaccurate particulars, aligning with the principles laid down by the Supreme Court. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264567