https://www.taxtmi.com/caselaws?id=347727 The High Court upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961, finding that the Assessee did not conceal income or furnish inaccurate particulars. The Court emphasized the absence of incriminating evidence and the inadvertent nature of the error, affirming that the penalty was rightfully deleted by the ITAT. The Court dismissed the appeal, confirming the decisions of the lower authorities without costs. en-us Wed, 30 Aug 2017 00:00:00 +0530 Fri, 08 Sep 2017 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347727 The High Court upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961, finding that the Assessee did not conceal income or furnish inaccurate particulars. The Court emphasized the absence of incriminating evidence and the inadvertent nature of the error, affirming that the penalty was rightfully deleted by the ITAT. The Court dismissed the appeal, confirming the decisions of the lower authorities without costs. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347727