https://www.taxtmi.com/caselaws?id=326446 The High Court of Gujarat held that the Income Tax Appellate Tribunal was not justified in reversing the CIT(A)'s decision and restoring the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act, 1961. The court found that the breach was technical and venial, and merely submitting an incorrect claim does not amount to furnishing inaccurate particulars of income. The Tribunal's order was set aside, and the CIT(A)'s order deleting the penalty was restored. The court ruled in favor of the assessee, allowing the appeal. en-us Tue, 29 Mar 2016 00:00:00 +0530 Sat, 27 Aug 2016 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326446 The High Court of Gujarat held that the Income Tax Appellate Tribunal was not justified in reversing the CIT(A)'s decision and restoring the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act, 1961. The court found that the breach was technical and venial, and merely submitting an incorrect claim does not amount to furnishing inaccurate particulars of income. The Tribunal's order was set aside, and the CIT(A)'s order deleting the penalty was restored. The court ruled in favor of the assessee, allowing the appeal. Case-Laws Income Tax Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326446