https://www.taxtmi.com/highlights?id=47937 Penalty u/s 271(1)(c) - addition sustained by denying the exemption u/s 47(xiv) to the extent of self-generated Goodwill - all the details necessary for assessment were very much available in the return of income itself as well as the entire facts of proprietory concern getting converted into public limited company - no malafide on the part of the assessee in making the claim of exemption - no penalty en-us Tue, 16 Jul 2019 09:18:55 +0530 Tue, 16 Jul 2019 09:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47937 Penalty u/s 271(1)(c) - addition sustained by denying the exemption u/s 47(xiv) to the extent of self-generated Goodwill - all the details necessary for assessment were very much available in the return of income itself as well as the entire facts of proprietory concern getting converted into public limited company - no malafide on the part of the assessee in making the claim of exemption - no penalty Highlights Income Tax Tue, 16 Jul 2019 09:18:55 +0530 https://www.taxtmi.com/highlights?id=47937