https://www.taxtmi.com/highlights?id=46214 Penalty u/s.271(1)(c) - claimed higher deduction u/s.36(1)(viia) based on opinion of the Central Statutory Auditors - latter on based on different view canvassed against the other banks, reduced the claim of deduction to the actual amount of provision created in the books of account by revised return - it is a clear cut case of bona fide opinion - no penalty en-us Wed, 01 May 2019 06:36:35 +0530 Wed, 01 May 2019 06:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46214 Penalty u/s.271(1)(c) - claimed higher deduction u/s.36(1)(viia) based on opinion of the Central Statutory Auditors - latter on based on different view canvassed against the other banks, reduced the claim of deduction to the actual amount of provision created in the books of account by revised return - it is a clear cut case of bona fide opinion - no penalty Highlights Income Tax Wed, 01 May 2019 06:36:35 +0530 https://www.taxtmi.com/highlights?id=46214