https://www.taxtmi.com/caselaws?id=194478 The Tribunal dismissed the Revenue's appeal and affirmed the deletion of the penalty under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2002-03. The Tribunal found that there was no deliberate concealment or furnishing of inaccurate particulars by the assessee, emphasizing that the inadvertent error made by the Chartered Accountant did not warrant the penalty. Relevant case law was cited to support the decision, and the Tribunal upheld the Commissioner's decision to delete the penalty. en-us Fri, 30 Sep 2016 00:00:00 +0530 Sat, 09 Sep 2017 16:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194478 The Tribunal dismissed the Revenue's appeal and affirmed the deletion of the penalty under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2002-03. The Tribunal found that there was no deliberate concealment or furnishing of inaccurate particulars by the assessee, emphasizing that the inadvertent error made by the Chartered Accountant did not warrant the penalty. Relevant case law was cited to support the decision, and the Tribunal upheld the Commissioner's decision to delete the penalty. Case-Laws Income Tax Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194478