Topic

computational error

2 articlesLatest March 2026
Section 271(1)(c) IT Act | Bona Fide Computational Errors Not Penalizable as 'Inaccurate Particulars' : ITAT Mumbai
Case Law Analysis
|Income Tax Appellate Tribunal

Section 271(1)(c) IT Act | Bona Fide Computational Errors Not Penalizable as 'Inaccurate Particulars' : ITAT Mumbai

ITAT Mumbai sets aside a ₹6.17 lakh penalty under Section 271(1)(c) of the Income Tax Act, ruling that inadvertent computational errors-even if leading to underreported income-do not constitute furnishing 'inaccurate particulars' absent fraudulent intent. The decision reinforces that penalties under the provision require proof of deliberate concealment, offering relief to taxpayers and tax professionals.

Section 32 Income Tax Act | ITAT Mumbai Permits Correction of Depreciation Computational Errors During Assessment Even Without Revised Return : ITAT
Case Law Analysis
|Income Tax Appellate Tribunal

Section 32 Income Tax Act | ITAT Mumbai Permits Correction of Depreciation Computational Errors During Assessment Even Without Revised Return : ITAT

ITAT Mumbai rules that inadvertent computational errors in depreciation claims can be rectified during assessment proceedings under Section 32 of the Income Tax Act, even if no revised return was filed. The decision underscores the appellate authority's jurisdiction to entertain such corrections, providing relief to taxpayers facing similar procedural hurdles.

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