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Amruta Organics Pvt Ltd vs. DCIT

No penalty under section 271(1) (c) in case of concealment of income due to “bonafide mistake” by an assessee

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 6 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More