https://www.taxtmi.com/caselaws?id=377131 The Tribunal allowed the appeal of the assessee, condoning the delay in filing the appeal due to staff negligence. It canceled the penalty imposed under section 271(1)(c) as the assessee provided genuine explanations for discrepancies in income and disallowance under section 80P(2). The Tribunal emphasized the significance of bona fide beliefs and complete disclosure of facts in determining penalties under the Income Tax Act. en-us Tue, 19 Mar 2019 00:00:00 +0530 Sat, 23 Mar 2019 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377131 The Tribunal allowed the appeal of the assessee, condoning the delay in filing the appeal due to staff negligence. It canceled the penalty imposed under section 271(1)(c) as the assessee provided genuine explanations for discrepancies in income and disallowance under section 80P(2). The Tribunal emphasized the significance of bona fide beliefs and complete disclosure of facts in determining penalties under the Income Tax Act. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377131