https://www.taxtmi.com/highlights?id=40043 Penalty proceedings u/s 271(1)(c) - The assessee herein is a technical person and may not necessarily know the complicated tax laws - assessee acting on legal advice, readily came forward and offered the capital gains without resorting to litigation - onus of bonafide is broadly discharged - No penalty. en-us Thu, 21 Jun 2018 06:24:48 +0530 Wed, 20 Jun 2018 22:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40043 Penalty proceedings u/s 271(1)(c) - The assessee herein is a technical person and may not necessarily know the complicated tax laws - assessee acting on legal advice, readily came forward and offered the capital gains without resorting to litigation - onus of bonafide is broadly discharged - No penalty. Highlights Income Tax Thu, 21 Jun 2018 06:24:48 +0530 https://www.taxtmi.com/highlights?id=40043