https://www.taxtmi.com/caselaws?id=370601 The appeal filed by the revenue was dismissed, and the penalty under section 271(1)(c) was deleted. The court upheld the decision of the Ld.CIT(A) based on the precedent set by the Supreme Court. It was found that the inaccuracies in the computation of total income were inadvertent and promptly rectified by the assessee during the assessment proceedings. The court ruled that the errors did not constitute deliberate attempts to evade tax, leading to the cancellation of the penalty. en-us Fri, 16 Nov 2018 00:00:00 +0530 Mon, 19 Nov 2018 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370601 The appeal filed by the revenue was dismissed, and the penalty under section 271(1)(c) was deleted. The court upheld the decision of the Ld.CIT(A) based on the precedent set by the Supreme Court. It was found that the inaccuracies in the computation of total income were inadvertent and promptly rectified by the assessee during the assessment proceedings. The court ruled that the errors did not constitute deliberate attempts to evade tax, leading to the cancellation of the penalty. Case-Laws Income Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370601