No Penalty Imposed: Assessee's Bona Fide Explanation and Full Disclosure u/s 271(1)(c) Leads to Relief.

No Penalty Imposed: Assessee's Bona Fide Explanation and Full Disclosure u/s 271(1)(c) Leads to Relief. https://www.taxtmi.com/highlights?id=47713 Penalty u/s 271(1)(c) - agreed addition based on statement in survey u/s 133A - since the assessee has explained the circumstances under which the addition in question has been made and further established that the explanation is bonafide and it has disclosed all the facts material to the computation of its total income - no penalty en-us Fri, 05 Jul 2019 06:36:42 +0530 Fri, 05 Jul 2019 06:36:42 +0530 TaxTMI RSS Generator No Penalty Imposed: Assessee's Bona Fide Explanation and Full Disclosure u/s 271(1)(c) Leads to Relief. https://www.taxtmi.com/highlights?id=47713 Penalty u/s 271(1)(c) - agreed addition based on statement in survey u/s 133A - since the assessee has explained the circumstances under which the addition in question has been made and further established that the explanation is bonafide and it has disclosed all the facts material to the computation of its total income - no penalty Highlights Income Tax Fri, 05 Jul 2019 06:36:42 +0530 https://www.taxtmi.com/highlights?id=47713