https://www.taxtmi.com/highlights?id=30301 Levy of penalty u/s 271(1) (c) - provision for bad debts and loss on sale of fixed assets - the fact that the assessee immediately offered to rectify the mistake on detection is also undisputed. It is only that the claim of the bona fide of the assessee was not accepted by the department - No penalty - AT en-us Thu, 14 Jul 2016 11:41:53 +0530 Thu, 14 Jul 2016 11:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30301 Levy of penalty u/s 271(1) (c) - provision for bad debts and loss on sale of fixed assets - the fact that the assessee immediately offered to rectify the mistake on detection is also undisputed. It is only that the claim of the bona fide of the assessee was not accepted by the department - No penalty - AT Highlights Income Tax Thu, 14 Jul 2016 11:41:53 +0530 https://www.taxtmi.com/highlights?id=30301