https://www.taxtmi.com/caselaws?id=379078 The appeal against the penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15 was allowed. The excess claim of gratuity expense was deemed a bona fide mistake by the assessee, resulting in the deletion of the penalty. The court found procedural errors in the notice issued under section 274 and accepted the explanation provided by the assessee, leading to the removal of the penalty. en-us Wed, 24 Apr 2019 00:00:00 +0530 Fri, 26 Apr 2019 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379078 The appeal against the penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15 was allowed. The excess claim of gratuity expense was deemed a bona fide mistake by the assessee, resulting in the deletion of the penalty. The court found procedural errors in the notice issued under section 274 and accepted the explanation provided by the assessee, leading to the removal of the penalty. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379078