https://www.taxtmi.com/caselaws?id=382140 The Tribunal allowed the appeal, overturning the penalty imposed under section 271(1)(c) of the Income Tax Act. It held that the penalty was not justified as the claim for deduction was made in good faith without intent to evade taxes. The Tribunal emphasized that the error was a mistake and not deliberate, citing precedents where penalties were not imposed in similar situations. The appellant's contentions were upheld, and the penalty was deleted. en-us Wed, 19 Jun 2019 00:00:00 +0530 Wed, 26 Jun 2019 07:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382140 The Tribunal allowed the appeal, overturning the penalty imposed under section 271(1)(c) of the Income Tax Act. It held that the penalty was not justified as the claim for deduction was made in good faith without intent to evade taxes. The Tribunal emphasized that the error was a mistake and not deliberate, citing precedents where penalties were not imposed in similar situations. The appellant's contentions were upheld, and the penalty was deleted. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382140