https://www.taxtmi.com/caselaws?id=421647 The Tribunal allowed the appeal, holding that the CIT(A) erred in law and facts in upholding the levy of the penalty under Section 234E. The Tribunal emphasized the importance of a judicious approach, taking into account the specific facts and circumstances of the case, and noted that the assessee should not be penalized for a technical error that did not result in any loss to the Revenue. The appeal was allowed, and the late filing levy of Rs. 74,600 was canceled. en-us Mon, 25 Apr 2022 00:00:00 +0530 Fri, 29 Apr 2022 08:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421647 The Tribunal allowed the appeal, holding that the CIT(A) erred in law and facts in upholding the levy of the penalty under Section 234E. The Tribunal emphasized the importance of a judicious approach, taking into account the specific facts and circumstances of the case, and noted that the assessee should not be penalized for a technical error that did not result in any loss to the Revenue. The appeal was allowed, and the late filing levy of Rs. 74,600 was canceled. Case-Laws Income Tax Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421647