https://www.taxtmi.com/caselaws?id=379708 The High Court dismissed the Income Tax Appeal, affirming the Tribunal's decision to cancel the penalty under Section 271(1)(c) of the Income Tax Act based on the bonafide nature of the errors in income declaration. The court found that the original declaration suffered from a bonafide unintended error, and the assessee voluntarily rectified the mistake before being confronted with the incorrect claim. The Tribunal's deletion of the penalty was upheld, with no question of law arising. en-us Tue, 30 Apr 2019 00:00:00 +0530 Tue, 07 May 2019 06:12:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379708 The High Court dismissed the Income Tax Appeal, affirming the Tribunal's decision to cancel the penalty under Section 271(1)(c) of the Income Tax Act based on the bonafide nature of the errors in income declaration. The court found that the original declaration suffered from a bonafide unintended error, and the assessee voluntarily rectified the mistake before being confronted with the incorrect claim. The Tribunal's deletion of the penalty was upheld, with no question of law arising. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379708