https://www.taxtmi.com/caselaws?id=384800 The Tribunal found that the Assessee did not deliberately furnish inaccurate particulars of income, with the error being deemed as inadvertent. Consequently, the penalty imposed under Section 271(1)(c) of the Income Tax Act was deemed unjustified. The Tribunal set aside the penalty orders, deleting the penalty. The challenge regarding the validity of the notice was dismissed as the penalty deletion was based on merit. As a result, the Assessee's appeal was partially allowed. en-us Mon, 19 Aug 2019 00:00:00 +0530 Thu, 22 Aug 2019 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384800 The Tribunal found that the Assessee did not deliberately furnish inaccurate particulars of income, with the error being deemed as inadvertent. Consequently, the penalty imposed under Section 271(1)(c) of the Income Tax Act was deemed unjustified. The Tribunal set aside the penalty orders, deleting the penalty. The challenge regarding the validity of the notice was dismissed as the penalty deletion was based on merit. As a result, the Assessee's appeal was partially allowed. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384800