https://www.taxtmi.com/highlights?id=74590 Levy of Penalty u/s 271 - certain expenses which were not allowable expenses under the Act were not added back to the total income - The High Court concludes that, in this case, the tax audit report was filed along with the return of income, and the mistake in not properly uploading the return was a genuine error in the given circumstances. As a result, the appeal of the revenue is dismissed. en-us Fri, 02 Feb 2024 07:52:00 +0530 Fri, 02 Feb 2024 07:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74590 Levy of Penalty u/s 271 - certain expenses which were not allowable expenses under the Act were not added back to the total income - The High Court concludes that, in this case, the tax audit report was filed along with the return of income, and the mistake in not properly uploading the return was a genuine error in the given circumstances. As a result, the appeal of the revenue is dismissed. Highlights Income Tax Fri, 02 Feb 2024 07:52:00 +0530 https://www.taxtmi.com/highlights?id=74590