https://www.taxtmi.com/caselaws?id=279535 The court upheld the penalty imposition on the assessee under Section 271(1)(c) of the Income Tax Act 1961, despite the argument that the error leading to non-compliance was due to the Chartered Accountant's mistake. The court emphasized the Chartered Accountant's duty to be aware of relevant legal provisions and dismissed the appeal, stating that the Tribunal's decision was reasonable given the circumstances. The judgment highlights the importance of professionals like Chartered Accountants being knowledgeable about tax laws and holds that their errors cannot excuse penalties for non-compliance. en-us Thu, 23 Aug 2018 00:00:00 +0530 Sat, 23 Mar 2019 10:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279535 The court upheld the penalty imposition on the assessee under Section 271(1)(c) of the Income Tax Act 1961, despite the argument that the error leading to non-compliance was due to the Chartered Accountant's mistake. The court emphasized the Chartered Accountant's duty to be aware of relevant legal provisions and dismissed the appeal, stating that the Tribunal's decision was reasonable given the circumstances. The judgment highlights the importance of professionals like Chartered Accountants being knowledgeable about tax laws and holds that their errors cannot excuse penalties for non-compliance. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279535