Penalty Upheld for Gratuity Provision Disallowance; Mistake Not Bona Fide Without Ledger Evidence, No Voluntary Disclosure.

Penalty Upheld for Gratuity Provision Disallowance; Mistake Not Bona Fide Without Ledger Evidence, No Voluntary Disclosure. https://www.taxtmi.com/highlights?id=28309 Levy of penalty on disallowances on account of provision for gratuity - It s not a case of voluntary and suo moto disclosure of income. It is also not a case where the mistake can be said to be bonafide, as relevant evidences in the shape of ledger accounts were not furnished - levy of penalty confirmed - AT en-us Wed, 06 Apr 2016 10:26:18 +0530 Wed, 06 Apr 2016 10:26:18 +0530 TaxTMI RSS Generator Penalty Upheld for Gratuity Provision Disallowance; Mistake Not Bona Fide Without Ledger Evidence, No Voluntary Disclosure. https://www.taxtmi.com/highlights?id=28309 Levy of penalty on disallowances on account of provision for gratuity - It s not a case of voluntary and suo moto disclosure of income. It is also not a case where the mistake can be said to be bonafide, as relevant evidences in the shape of ledger accounts were not furnished - levy of penalty confirmed - AT Highlights Income Tax Wed, 06 Apr 2016 10:26:18 +0530 https://www.taxtmi.com/highlights?id=28309