https://www.taxtmi.com/caselaws?id=429534 The Tribunal allowed the appeal in ITA No. 548/Chny/2021 regarding the penalty on differential WDV amounts, as the penalty was deleted based on the unintentional nature of the error. However, the appeal in ITA No. 145/Chny/2021 filed by an individual against a penalty on the company was dismissed due to lack of maintainability, emphasizing the importance of intention and factual circumstances in determining penalties under the Income Tax Act. en-us Wed, 07 Sep 2022 00:00:00 +0530 Mon, 31 Oct 2022 08:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429534 The Tribunal allowed the appeal in ITA No. 548/Chny/2021 regarding the penalty on differential WDV amounts, as the penalty was deleted based on the unintentional nature of the error. However, the appeal in ITA No. 145/Chny/2021 filed by an individual against a penalty on the company was dismissed due to lack of maintainability, emphasizing the importance of intention and factual circumstances in determining penalties under the Income Tax Act. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429534