Penalty u/s 271(1)(c) of the Income Tax Act Cannot be Imposed for Mistake by Accountant: ITAT [Read Order]

By Killamsetty Rasmita - On August 26, 2023 1:45 pm - 2 mins read

Penalty - Income Tax Act - Imposed for Mistake by Accountant - ITAT - TAXSCAN

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that a penalty cannot be imposed under Section 271(1)(c) of the Income Tax Act, 1961 (the Act) for a mistake made by the assessee’s accountant and ruled that the assessee was not liable for the penalty because he had provided all the relevant…

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