Penalty u/s 271(1)(c) Not Enforced Due to Honest Accounting Mistake in Reporting Contract Receipts. https://www.taxtmi.com/highlights?id=42979 Penalty levied u/s.271(1)(c) - excess expenses disallowed and suppression of receipts - being bonafide mistake in accounting the total contract receipts, no penalty. en-us Thu, 29 Nov 2018 07:56:52 +0530 Thu, 29 Nov 2018 07:56:52 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(c) Not Enforced Due to Honest Accounting Mistake in Reporting Contract Receipts. https://www.taxtmi.com/highlights?id=42979 Penalty levied u/s.271(1)(c) - excess expenses disallowed and suppression of receipts - being bonafide mistake in accounting the total contract receipts, no penalty. Highlights Income Tax Thu, 29 Nov 2018 07:56:52 +0530 https://www.taxtmi.com/highlights?id=42979