https://www.taxtmi.com/caselaws?id=193011 The Tribunal canceled penalties under section 271(1)(c) in all instances. In the first case, the penalty was canceled as the Assessing Officer had already deleted the addition. In the second case, the penalty was canceled as the Tribunal directed a fresh verification. Lastly, the penalty for a bonus disallowance due to a Form 3CD mistake was canceled, citing a precedent that inadvertent errors do not warrant penalties. The Tribunal's decision was to cancel all penalties, and the order was pronounced on 16.03.2016. en-us Wed, 16 Mar 2016 00:00:00 +0530 Sat, 08 Jul 2017 07:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193011 The Tribunal canceled penalties under section 271(1)(c) in all instances. In the first case, the penalty was canceled as the Assessing Officer had already deleted the addition. In the second case, the penalty was canceled as the Tribunal directed a fresh verification. Lastly, the penalty for a bonus disallowance due to a Form 3CD mistake was canceled, citing a precedent that inadvertent errors do not warrant penalties. The Tribunal's decision was to cancel all penalties, and the order was pronounced on 16.03.2016. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193011