https://www.taxtmi.com/caselaws?id=436724 The High Court upheld the decision of the CIT(A) to set aside the penalty imposed under Section 273(2)(aa) of the Income Tax Act due to a clerical error in the initial notice. The Court directed the Assessing Officer to recompute the penalty, stating that the mistake in the notice was of a clerical nature and did not invalidate the penalty. The appeal was dismissed as no substantial question of law arose, and the pending application was disposed of. en-us Mon, 10 Apr 2023 00:00:00 +0530 Mon, 25 Sep 2023 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436724 The High Court upheld the decision of the CIT(A) to set aside the penalty imposed under Section 273(2)(aa) of the Income Tax Act due to a clerical error in the initial notice. The Court directed the Assessing Officer to recompute the penalty, stating that the mistake in the notice was of a clerical nature and did not invalidate the penalty. The appeal was dismissed as no substantial question of law arose, and the pending application was disposed of. Case-Laws Income Tax Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436724