https://www.taxtmi.com/caselaws?id=278629 The tribunal allowed the appeal, holding that the penalty of &8377; 8.50 lacs imposed on the assessee for non-service of notice u/s. 143(2) and inaccurate particulars of income related to EPF account deductions was not justified. The tribunal found that the disallowance was disclosed in the return, indicating no concealment of income. Relying on precedent cases, the tribunal emphasized that penalties cannot be imposed for bona fide mistakes or normal human errors. As the failure to add back unallowable expenses was deemed a genuine error, the penalty was deleted, concluding there was no intention to evade taxes. en-us Wed, 25 Feb 2015 00:00:00 +0530 Fri, 15 Feb 2019 08:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278629 The tribunal allowed the appeal, holding that the penalty of &8377; 8.50 lacs imposed on the assessee for non-service of notice u/s. 143(2) and inaccurate particulars of income related to EPF account deductions was not justified. The tribunal found that the disallowance was disclosed in the return, indicating no concealment of income. Relying on precedent cases, the tribunal emphasized that penalties cannot be imposed for bona fide mistakes or normal human errors. As the failure to add back unallowable expenses was deemed a genuine error, the penalty was deleted, concluding there was no intention to evade taxes. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278629