https://www.taxtmi.com/caselaws?id=760889 The Bombay HC quashed a penalty order under Section 270A where the AO failed to give TDS credit and charged interest for alleged non-payment. The petitioner filed a rectification application under Section 154 for this apparent mistake. The HC held that since a rectification order was subsequently passed requiring only Rs. 303 tax payment which was complied with, the penalty proceedings became inconsequential as their foundation was extinguished. The original assessment order merged into the rectification order, rendering the penalty proceedings unsustainable. en-us Wed, 23 Oct 2024 00:00:00 +0530 Tue, 10 Jun 2025 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760889 The Bombay HC quashed a penalty order under Section 270A where the AO failed to give TDS credit and charged interest for alleged non-payment. The petitioner filed a rectification application under Section 154 for this apparent mistake. The HC held that since a rectification order was subsequently passed requiring only Rs. 303 tax payment which was complied with, the penalty proceedings became inconsequential as their foundation was extinguished. The original assessment order merged into the rectification order, rendering the penalty proceedings unsustainable. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760889