https://www.taxtmi.com/caselaws?id=773660 The HC held that penalty u/s 271(1)(c) for non-filing of ITR within prescribed period was not justified where assessee filed financial statements and tax audit report timely, paid all taxes, but failed to upload ITR due to inadvertent human error. The court found no concealment of income or tax evasion as assessee was entitled to refund after TDS credit. The AO failed to record satisfaction regarding concealment and incorrectly calculated penalty amount. The provision targets dishonest persons evading taxes, not bonafide mistakes. Assessee's appeal was allowed. en-us Tue, 17 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 11:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773660 The HC held that penalty u/s 271(1)(c) for non-filing of ITR within prescribed period was not justified where assessee filed financial statements and tax audit report timely, paid all taxes, but failed to upload ITR due to inadvertent human error. The court found no concealment of income or tax evasion as assessee was entitled to refund after TDS credit. The AO failed to record satisfaction regarding concealment and incorrectly calculated penalty amount. The provision targets dishonest persons evading taxes, not bonafide mistakes. Assessee's appeal was allowed. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773660