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Showing contexts for: human errors in Raj Kumari Maheshwari, Jaipur vs Dy Cit, Cc-Ii, Jaipur on 13 June, 2022Matching Fragments
Smt. Raj Kumari Maheshwari As the provisions of the section 271 (1) (c) the penalty can be levied on concealment / inaccurate particulars of income. The Supreme Court in case of Price Water House Coopers P. Ltd. Vs. CIT (2012) 348 ITR 306 held that 'the assessee should have been careful but in absence of due care in a case did not mean that assessee was guilty of either furnishing inaccurate particulars or attempting to conceal the income. Thus no penalty can be levied for a bona fide/inadvertent /human error.