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…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader