https://www.taxtmi.com/caselaws?id=327714 The High Court upheld the deletion of the penalty under Section 271(1)(c) of the Income Tax Act by the CIT(A) and the Tribunal. The penalty was cancelled based on the inadvertent mistake made by the counsel filing the return, with no intention to conceal income. The Tribunal noted that the assessee had paid tax on the amounts and no one had benefitted from the error. The Court found no error or perversity in the decisions of the lower authorities, leading to the dismissal of the revenue's appeal. en-us Thu, 05 May 2016 00:00:00 +0530 Tue, 17 May 2016 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327714 The High Court upheld the deletion of the penalty under Section 271(1)(c) of the Income Tax Act by the CIT(A) and the Tribunal. The penalty was cancelled based on the inadvertent mistake made by the counsel filing the return, with no intention to conceal income. The Tribunal noted that the assessee had paid tax on the amounts and no one had benefitted from the error. The Court found no error or perversity in the decisions of the lower authorities, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Thu, 05 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327714