https://www.taxtmi.com/caselaws?id=68506 The Tribunal concluded that the penalty under Section 271(1)(c) of the IT Act was not applicable in this case as the omission to include the minor children's income was deemed a bona fide mistake made by the counsel preparing the returns. The mistake was promptly rectified upon receiving the notice under Section 147. The Tribunal ruled in favor of the assessee, deleting the penalty imposed. en-us Fri, 02 Jul 2004 00:00:00 +0530 Wed, 30 Mar 2011 17:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68506 The Tribunal concluded that the penalty under Section 271(1)(c) of the IT Act was not applicable in this case as the omission to include the minor children's income was deemed a bona fide mistake made by the counsel preparing the returns. The mistake was promptly rectified upon receiving the notice under Section 147. The Tribunal ruled in favor of the assessee, deleting the penalty imposed. Case-Laws Income Tax Fri, 02 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68506