https://www.taxtmi.com/caselaws?id=338798 The Tribunal allowed the appeal of the assessee, overturning the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the appellant had rectified the mistake by filing a revised return and paying the due taxes. The penalty was deemed unjustified based on the circumstances of the case and the case laws cited by the Authorized Representative of the assessee. en-us Mon, 06 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 10:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338798 The Tribunal allowed the appeal of the assessee, overturning the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the appellant had rectified the mistake by filing a revised return and paying the due taxes. The penalty was deemed unjustified based on the circumstances of the case and the case laws cited by the Authorized Representative of the assessee. Case-Laws Income Tax Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338798