https://www.taxtmi.com/caselaws?id=404300 The penalty under Section 271(1)(c) of the Income Tax Act, 1961 for AY. 2016-17 was upheld by the CIT(A) due to deliberate reduction in salary income and incorrect deductions in the revised return. The Assessing Officer found discrepancies intentional, resulting in concealed income. The appellant's argument of inadvertent errors was rejected, leading to the confirmation of the penalty on the reduced amount. The appeal was dismissed, and the penalty was upheld based on the deliberate reduction in salary income without a valid explanation. en-us Tue, 16 Feb 2021 00:00:00 +0530 Sat, 20 Feb 2021 09:08:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404300 The penalty under Section 271(1)(c) of the Income Tax Act, 1961 for AY. 2016-17 was upheld by the CIT(A) due to deliberate reduction in salary income and incorrect deductions in the revised return. The Assessing Officer found discrepancies intentional, resulting in concealed income. The appellant's argument of inadvertent errors was rejected, leading to the confirmation of the penalty on the reduced amount. The appeal was dismissed, and the penalty was upheld based on the deliberate reduction in salary income without a valid explanation. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404300