https://www.taxtmi.com/caselaws?id=327253 The Tribunal allowed the appeal of the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The judgment highlighted the significance of the bonafide nature of claims and the voluntary disclosure of errors by taxpayers in determining the applicability of penalties under the Act. en-us Thu, 18 Feb 2016 00:00:00 +0530 Sat, 07 May 2016 11:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327253 The Tribunal allowed the appeal of the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The judgment highlighted the significance of the bonafide nature of claims and the voluntary disclosure of errors by taxpayers in determining the applicability of penalties under the Act. Case-Laws Income Tax Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327253