| COURT: | ITAT Delhi |
| CORAM: | S. V. Mehrotra (AM), Sudhanshu Srivastava (JM) |
| SECTION(S): | 271(1)(c) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | concealment of income, furnishing inaccurate particulars of income, penalty |
| COUNSEL: | Rajesh Arora |
| DATE: | March 3, 2016 (Date of pronouncement) |
| DATE: | March 31, 2016 (Date of publication) |
| AY: | 2009-10 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 271(1)(c): No penalty leviable on bonafide human error committed while filing return of income | |
When the assessee was confronted with the depreciation being claimed on the property, the income from which had been returned under the head income from house property, it immediately realized its mistake of computation of total income and agreed for the addition to its total income. The mistake was inadvertent, is evident from the fact that assessee had furnished return of income of Rs. 3,27,79,273/- and, therefore, there was no reason to make a false claim of a petty sum of Rs. 7,87,734/-
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