https://www.taxtmi.com/caselaws?id=387499 The appeal challenged the CIT(A) order for the 2008-09 assessment year and the penalty imposed under section 271(1)(c) of the Act. Despite no significant addition to the returned income and timely tax payments, the penalty was levied. The appellant's arguments centered on inadvertent mistakes, voluntary filing, and lack of deliberate concealment. The court favored the assessee, quashing the penalty due to the unique circumstances and absence of intentional misconduct, emphasizing the importance of considering explanations and lack of habitual default. The appeal was allowed, and the penalty was directed to be quashed. en-us Mon, 23 Sep 2019 00:00:00 +0530 Thu, 24 Oct 2019 09:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387499 The appeal challenged the CIT(A) order for the 2008-09 assessment year and the penalty imposed under section 271(1)(c) of the Act. Despite no significant addition to the returned income and timely tax payments, the penalty was levied. The appellant's arguments centered on inadvertent mistakes, voluntary filing, and lack of deliberate concealment. The court favored the assessee, quashing the penalty due to the unique circumstances and absence of intentional misconduct, emphasizing the importance of considering explanations and lack of habitual default. The appeal was allowed, and the penalty was directed to be quashed. Case-Laws Income Tax Mon, 23 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387499