https://www.taxtmi.com/highlights?id=47576 Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee en-us Mon, 01 Jul 2019 07:41:03 +0530 Mon, 01 Jul 2019 07:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47576 Penalty u/s 271(1)(c) - reduction of deduction under the said Chapter VI via revised return correctly allocating of generation expenses - allocation between the eligible and ineligible undertakings cannot be directly attributable to the efforts of the AO as no SCN was issued on incorrect allocation - no penalty as filing revised return and payment of additional taxes demonstrate the good faith of the assessee Highlights Income Tax Mon, 01 Jul 2019 07:41:03 +0530 https://www.taxtmi.com/highlights?id=47576