https://www.taxtmi.com/caselaws?id=410245 The ITAT ruled in favor of the assessee, quashing the penalty imposed under section 271(1)(c) for the assessment year 2013-14. The judgment emphasized the distinction between deliberate concealment or inaccurate particulars and inadvertent errors rectified before detection by the Assessing Officer. The penalty was set aside as there was no deliberate concealment or inaccurate furnishing of particulars, leading to the appeal being allowed. en-us Fri, 23 Jul 2021 00:00:00 +0530 Wed, 28 Jul 2021 08:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410245 The ITAT ruled in favor of the assessee, quashing the penalty imposed under section 271(1)(c) for the assessment year 2013-14. The judgment emphasized the distinction between deliberate concealment or inaccurate particulars and inadvertent errors rectified before detection by the Assessing Officer. The penalty was set aside as there was no deliberate concealment or inaccurate furnishing of particulars, leading to the appeal being allowed. Case-Laws Income Tax Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410245