https://www.taxtmi.com/highlights?id=56749 Levy of penalty u/s 221 - Error / Mentioning of wrong AY in the penalty order - Financial incapacity of an assessee to pay the tax - Year of assessment - The aforesaid mistake, if any, is not same under Section 292B of the Act under which only clerical error or accidental omissions can be protected. Therefore, the decisions on which reliance has been placed by the learned counsel for the revenue, has no application to the factual matrix of the case. - HC en-us Mon, 15 Feb 2021 15:44:30 +0530 Mon, 15 Feb 2021 15:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56749 Levy of penalty u/s 221 - Error / Mentioning of wrong AY in the penalty order - Financial incapacity of an assessee to pay the tax - Year of assessment - The aforesaid mistake, if any, is not same under Section 292B of the Act under which only clerical error or accidental omissions can be protected. Therefore, the decisions on which reliance has been placed by the learned counsel for the revenue, has no application to the factual matrix of the case. - HC Highlights Income Tax Mon, 15 Feb 2021 15:44:30 +0530 https://www.taxtmi.com/highlights?id=56749