https://www.taxtmi.com/caselaws?id=390101 The Tribunal concluded that penalties under section 271F were unjustified as the assessee filed returns within the time allowed under section 139(4), causing no loss to the Revenue. The rectification order under section 154 was deemed invalid due to conflicting judicial interpretations, as rectification is only for clear mistakes, not debatable issues. All appeals for the Assessment Years 2012-13 to 2015-16 were allowed, canceling the penalties. The order was pronounced on 20th December 2019, in favor of the assessee. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 23 Dec 2019 17:00:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390101 The Tribunal concluded that penalties under section 271F were unjustified as the assessee filed returns within the time allowed under section 139(4), causing no loss to the Revenue. The rectification order under section 154 was deemed invalid due to conflicting judicial interpretations, as rectification is only for clear mistakes, not debatable issues. All appeals for the Assessment Years 2012-13 to 2015-16 were allowed, canceling the penalties. The order was pronounced on 20th December 2019, in favor of the assessee. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390101