Taxpayer Avoids Penalty for Honest Mistake in Initial Assessment Year u/s 80IC; No Penalty Imposed.

Taxpayer Avoids Penalty for Honest Mistake in Initial Assessment Year u/s 80IC; No Penalty Imposed. https://www.taxtmi.com/highlights?id=45804 Penalty u/s 271(1)(c) - 100% deduction u/s 80IC - mistake in counting the initial assessment year - realising mistake revise computation filed and paid tax before assessment - human error cannot partake the colour of intentional or willful claim - no penalty en-us Thu, 11 Apr 2019 05:14:59 +0530 Wed, 10 Apr 2019 09:56:55 +0530 TaxTMI RSS Generator Taxpayer Avoids Penalty for Honest Mistake in Initial Assessment Year u/s 80IC; No Penalty Imposed. https://www.taxtmi.com/highlights?id=45804 Penalty u/s 271(1)(c) - 100% deduction u/s 80IC - mistake in counting the initial assessment year - realising mistake revise computation filed and paid tax before assessment - human error cannot partake the colour of intentional or willful claim - no penalty Highlights Income Tax Thu, 11 Apr 2019 05:14:59 +0530 https://www.taxtmi.com/highlights?id=45804