https://www.taxtmi.com/caselaws?id=397717 The Appellate Tribunal allowed the appeal challenging the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2013-14. The delay in filing the appeal was condoned due to a valid reason, and the penalty was deleted based on the bonafide mistake made by the assessee in disallowing TDS amount instead of corresponding expenditure. The Tribunal found no intent to provide inaccurate particulars of income or conceal income, leading to the deletion of the penalty. The challenge to the penalty order based on a defective show cause notice was not addressed as the penalty deletion on merits rendered it unnecessary. en-us Tue, 30 Jun 2020 00:00:00 +0530 Thu, 27 Aug 2020 11:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397717 The Appellate Tribunal allowed the appeal challenging the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2013-14. The delay in filing the appeal was condoned due to a valid reason, and the penalty was deleted based on the bonafide mistake made by the assessee in disallowing TDS amount instead of corresponding expenditure. The Tribunal found no intent to provide inaccurate particulars of income or conceal income, leading to the deletion of the penalty. The challenge to the penalty order based on a defective show cause notice was not addressed as the penalty deletion on merits rendered it unnecessary. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397717