https://www.taxtmi.com/caselaws?id=769343 ITAT Pune held that penalty under section 271(1)(c) was not warranted where assessee inadvertently claimed partner remuneration and interest twice in revised return, later rectified in response to section 148 notice. The tribunal found this was human error without deliberate tax evasion intent, noting assessee did not claim carry forward loss benefit from the disputed items. The penalty levied by AO was deleted as the mistake was inadvertent rather than deliberate concealment of income. en-us Mon, 21 Apr 2025 00:00:00 +0530 Thu, 24 Apr 2025 09:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769343 ITAT Pune held that penalty under section 271(1)(c) was not warranted where assessee inadvertently claimed partner remuneration and interest twice in revised return, later rectified in response to section 148 notice. The tribunal found this was human error without deliberate tax evasion intent, noting assessee did not claim carry forward loss benefit from the disputed items. The penalty levied by AO was deleted as the mistake was inadvertent rather than deliberate concealment of income. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769343