https://www.taxtmi.com/caselaws?id=407879 The Appellate Tribunal partly allowed the appeal, deleting the penalty under section 271(1)(c) for Assessment Year 2014-15. The Tribunal found that the assessee's error in the return was due to erroneous advice from an individual posing as a Chartered Accountant, supported by documentary evidence and an admission of mistake. Citing a legal precedent, the Tribunal concluded that the explanation provided was bona fide, leading to the decision to remove the penalty based on the circumstances. en-us Mon, 24 May 2021 00:00:00 +0530 Tue, 25 May 2021 08:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407879 The Appellate Tribunal partly allowed the appeal, deleting the penalty under section 271(1)(c) for Assessment Year 2014-15. The Tribunal found that the assessee's error in the return was due to erroneous advice from an individual posing as a Chartered Accountant, supported by documentary evidence and an admission of mistake. Citing a legal precedent, the Tribunal concluded that the explanation provided was bona fide, leading to the decision to remove the penalty based on the circumstances. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407879