https://www.taxtmi.com/caselaws?id=357882 The Tribunal allowed the appeal, deleting the penalty under section 271(1)(c) as the assessee's conduct was deemed bona fide, and the error in the original return was considered a genuine mistake, rectified voluntarily before any detection by the Assessing Officer. The penalty order was found to be within the permissible time frame, and the explanation offered by the assessee was accepted as genuine and bona fide. Consequently, the penalty of Rs. 1,29,880/- was deleted, and the appeal was allowed. en-us Wed, 28 Mar 2018 00:00:00 +0530 Sat, 31 Mar 2018 07:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357882 The Tribunal allowed the appeal, deleting the penalty under section 271(1)(c) as the assessee's conduct was deemed bona fide, and the error in the original return was considered a genuine mistake, rectified voluntarily before any detection by the Assessing Officer. The penalty order was found to be within the permissible time frame, and the explanation offered by the assessee was accepted as genuine and bona fide. Consequently, the penalty of Rs. 1,29,880/- was deleted, and the appeal was allowed. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357882