Section 271(1)(c) Penalty Deleted: Tribunal Finds No Evidence of Assessee's Non-Bona Fide Claim in Income Head Change.

Section 271(1)(c) Penalty Deleted: Tribunal Finds No Evidence of Assessee's Non-Bona Fide Claim in Income Head Change. https://www.taxtmi.com/highlights?id=7199 Penalty u/s 271(1)(c) - there is only a change of head of income and in the absence of any facts that the claim of the assessee was not bonafide - Tribunal was correct to delete penalty - HC en-us Wed, 20 Mar 2013 17:01:11 +0530 Wed, 20 Mar 2013 17:01:11 +0530 TaxTMI RSS Generator Section 271(1)(c) Penalty Deleted: Tribunal Finds No Evidence of Assessee's Non-Bona Fide Claim in Income Head Change. https://www.taxtmi.com/highlights?id=7199 Penalty u/s 271(1)(c) - there is only a change of head of income and in the absence of any facts that the claim of the assessee was not bonafide - Tribunal was correct to delete penalty - HC Highlights Income Tax Wed, 20 Mar 2013 17:01:11 +0530 https://www.taxtmi.com/highlights?id=7199