https://www.taxtmi.com/highlights?id=30843 Levy of penalty u/s 271(1)(c) - wrong claim of set off of loss of father - there is no revenue loss to the Department for the reason that both the assessee as well as her father are under same tax bracket/slab of tax - No penalty - AT en-us Thu, 18 Aug 2016 08:18:30 +0530 Thu, 18 Aug 2016 08:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30843 Levy of penalty u/s 271(1)(c) - wrong claim of set off of loss of father - there is no revenue loss to the Department for the reason that both the assessee as well as her father are under same tax bracket/slab of tax - No penalty - AT Highlights Income Tax Thu, 18 Aug 2016 08:18:30 +0530 https://www.taxtmi.com/highlights?id=30843