https://www.taxtmi.com/highlights?id=61917 Penalty u/s 271(1)(c) - When the matter travelled to the Tribunal, the explanation which was given by the assessee and accepted by the CIT(A) was once again examined by the Tribunal and after noting several decisions as to under what circumstances penalty can be imposed under Section 271(1)(c) of the Act as also the fact that there was nothing on record to show that the assessee had purposely made a wrong claim, confirmed the order passed by the CIT(A). - No penalty - HC en-us Fri, 11 Feb 2022 10:25:40 +0530 Fri, 11 Feb 2022 10:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61917 Penalty u/s 271(1)(c) - When the matter travelled to the Tribunal, the explanation which was given by the assessee and accepted by the CIT(A) was once again examined by the Tribunal and after noting several decisions as to under what circumstances penalty can be imposed under Section 271(1)(c) of the Act as also the fact that there was nothing on record to show that the assessee had purposely made a wrong claim, confirmed the order passed by the CIT(A). - No penalty - HC Highlights Income Tax Fri, 11 Feb 2022 10:25:40 +0530 https://www.taxtmi.com/highlights?id=61917