https://www.taxtmi.com/caselaws?id=198884 The ITAT Kolkata allowed the appeal, quashing the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to an inadvertent error in income computation. The penalty was deemed unwarranted as the mistake was unintentional and not considered concealment, resulting in the appellant's successful appeal. en-us Mon, 30 Dec 2013 00:00:00 +0530 Mon, 12 Feb 2018 12:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198884 The ITAT Kolkata allowed the appeal, quashing the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to an inadvertent error in income computation. The penalty was deemed unwarranted as the mistake was unintentional and not considered concealment, resulting in the appellant's successful appeal. Case-Laws Income Tax Mon, 30 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198884