https://www.taxtmi.com/caselaws?id=189899 The Tribunal canceled the penalty imposed under section 271(1)(c) for the inadvertent disallowance made under section 94(7) of the Income Tax Act, considering the unintentional nature of the mistake and the assessee's cooperation during assessment. However, the Tribunal did not find merit in the penalty imposed on the reduction in claim of rebate under section 88E, as no specific discussion or decision was provided. The penalty related to legal and professional fees was sent back to the Assessing Officer for reconsideration based on the CIT(A)'s remarks, leading to a partial allowance of the appeal. en-us Fri, 16 Jan 2015 00:00:00 +0530 Wed, 25 Jan 2017 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189899 The Tribunal canceled the penalty imposed under section 271(1)(c) for the inadvertent disallowance made under section 94(7) of the Income Tax Act, considering the unintentional nature of the mistake and the assessee's cooperation during assessment. However, the Tribunal did not find merit in the penalty imposed on the reduction in claim of rebate under section 88E, as no specific discussion or decision was provided. The penalty related to legal and professional fees was sent back to the Assessing Officer for reconsideration based on the CIT(A)'s remarks, leading to a partial allowance of the appeal. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189899