https://www.taxtmi.com/caselaws?id=439041 The Appellate Tribunal ITAT PUNE ruled in favor of the assessee, dismissing the demand raised under section 156 for inaccurate particulars of income attributed to the tax consultant's error. The explanation provided by the assessee was upheld, leading to the conclusion that the demand was unjustified. The ld. CIT(A) favored the assessee by condoning the filing delay, deeming the penalty initiation premature, allowing credit for TDS, and directing the correct computation of interest. As the AO had accepted the returned income without challenge, the appeal was dismissed, affirming the ld. CIT(A)'s decisions in favor of the assessee. en-us Tue, 13 Jun 2023 00:00:00 +0530 Thu, 15 Jun 2023 08:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439041 The Appellate Tribunal ITAT PUNE ruled in favor of the assessee, dismissing the demand raised under section 156 for inaccurate particulars of income attributed to the tax consultant's error. The explanation provided by the assessee was upheld, leading to the conclusion that the demand was unjustified. The ld. CIT(A) favored the assessee by condoning the filing delay, deeming the penalty initiation premature, allowing credit for TDS, and directing the correct computation of interest. As the AO had accepted the returned income without challenge, the appeal was dismissed, affirming the ld. CIT(A)'s decisions in favor of the assessee. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439041