No Penalty for Minor Discrepancy in 26AS Form; Taxpayer's Conduct Not Contumacious, Section 271(1)(c) Inapplicable.

Penalty u/s 271(1)(c) - there is small difference between 26AS and income returned. This is also very minor and the assessee does not deserve to be visited with the rigour of penalty. We are of the considered opinion that assessee's conduct is not contumacious and his claims are not mala fide. Hence, assessee should not be visited with rigour of penalty - AT .....

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