https://www.taxtmi.com/highlights?id=40140 Penalty proceedings u/s.271(1)(c) - This judgment of Hon'ble Supreme Court had come after the closure of the financial year 31st March, 2009. Thus, at the time of filing of return of income assessee did have a bonafide belief - No penalty. en-us Wed, 27 Jun 2018 08:59:48 +0530 Wed, 27 Jun 2018 08:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40140 Penalty proceedings u/s.271(1)(c) - This judgment of Hon'ble Supreme Court had come after the closure of the financial year 31st March, 2009. Thus, at the time of filing of return of income assessee did have a bonafide belief - No penalty. Highlights Income Tax Wed, 27 Jun 2018 08:59:48 +0530 https://www.taxtmi.com/highlights?id=40140