https://www.taxtmi.com/caselaws?id=304016 The Tribunal allowed the appeal, emphasizing that the penalty under section 271(1)(c) for inadvertent mistake in income computation was deleted. The decision was based on legal precedents and the unintentional nature of the error, with the assessee acknowledging and rectifying the mistake promptly. The excess claim of deduction was deemed a bona fide mistake, leading to the deletion of the penalty. en-us Mon, 13 Jun 2022 00:00:00 +0530 Thu, 01 Sep 2022 06:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304016 The Tribunal allowed the appeal, emphasizing that the penalty under section 271(1)(c) for inadvertent mistake in income computation was deleted. The decision was based on legal precedents and the unintentional nature of the error, with the assessee acknowledging and rectifying the mistake promptly. The excess claim of deduction was deemed a bona fide mistake, leading to the deletion of the penalty. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304016