https://www.taxtmi.com/caselaws?id=155036 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The assessee's reliance on counsel's advice in good faith was considered a bona fide mistake, leading to the decision that the penalty was not warranted. en-us Fri, 20 Jan 2012 00:00:00 +0530 Sat, 31 Aug 2013 11:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155036 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The assessee's reliance on counsel's advice in good faith was considered a bona fide mistake, leading to the decision that the penalty was not warranted. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155036