https://www.taxtmi.com/caselaws?id=325685 The Tribunal dismissed the revenue's appeal, confirming that the penalty under Section 271(1)(c) was not warranted in this case due to the bona fide belief and voluntary disclosure by the assessee. The decision emphasized that penalties should not be imposed for inadvertent errors or bona fide mistakes. en-us Wed, 17 Feb 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325685 The Tribunal dismissed the revenue's appeal, confirming that the penalty under Section 271(1)(c) was not warranted in this case due to the bona fide belief and voluntary disclosure by the assessee. The decision emphasized that penalties should not be imposed for inadvertent errors or bona fide mistakes. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325685