https://www.taxtmi.com/caselaws?id=426949 The Tribunal allowed the appeal and deleted the penalty imposed under section 271(1)(c) of the Income Tax Act. It found no concealment or submission of inaccurate particulars by the assessee, considering the clerical nature of the TDS deduction mistake. Relying on principles of natural justice and judicial precedents, the Tribunal concluded that the penalty was unjustified. The decision emphasized the importance of legal principles and precedents in assessing penalties for income concealment, highlighting the need for a deliberate act to attract penalties under the Act. en-us Fri, 26 Aug 2022 00:00:00 +0530 Mon, 29 Aug 2022 08:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426949 The Tribunal allowed the appeal and deleted the penalty imposed under section 271(1)(c) of the Income Tax Act. It found no concealment or submission of inaccurate particulars by the assessee, considering the clerical nature of the TDS deduction mistake. Relying on principles of natural justice and judicial precedents, the Tribunal concluded that the penalty was unjustified. The decision emphasized the importance of legal principles and precedents in assessing penalties for income concealment, highlighting the need for a deliberate act to attract penalties under the Act. Case-Laws Income Tax Fri, 26 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426949