https://www.taxtmi.com/caselaws?id=191512 The court quashed the Tribunal's decision to uphold penalties imposed by the Assessing Officer, ruling in favor of the appellant. It found the appellant's errors to be bonafide, based on a genuine belief, and not deliberate attempts to conceal facts. The court emphasized that penalties should not be imposed for bonafide errors. The appeal was allowed, and the court disposed of the case accordingly. en-us Wed, 29 Apr 2015 00:00:00 +0530 Thu, 06 Apr 2017 10:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191512 The court quashed the Tribunal's decision to uphold penalties imposed by the Assessing Officer, ruling in favor of the appellant. It found the appellant's errors to be bonafide, based on a genuine belief, and not deliberate attempts to conceal facts. The court emphasized that penalties should not be imposed for bonafide errors. The appeal was allowed, and the court disposed of the case accordingly. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191512