https://www.taxtmi.com/caselaws?id=393531 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty under section 271(1)(c) by the CIT(A). The decision was based on the prompt rectification of the mistake during assessment proceedings and reliance on professional advice, in line with legal precedents. en-us Wed, 08 Jan 2020 00:00:00 +0530 Wed, 18 Mar 2020 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393531 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty under section 271(1)(c) by the CIT(A). The decision was based on the prompt rectification of the mistake during assessment proceedings and reliance on professional advice, in line with legal precedents. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393531