https://www.taxtmi.com/highlights?id=48566 Penalty u/s 271(1)(c) - while declining deduction u/s 80IA no defect was pointed out by the A.O. with regard to assessee’s eligibility save and except there was delay in filing return of income - raising a bona fide legal claim, even if it is ultimately found to be legally not acceptable, could not amount to concealing particulars of income or furnishing of inaccurate particulars of income - no penalty en-us Sat, 10 Aug 2019 06:47:23 +0530 Sat, 10 Aug 2019 06:47:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48566 Penalty u/s 271(1)(c) - while declining deduction u/s 80IA no defect was pointed out by the A.O. with regard to assessee’s eligibility save and except there was delay in filing return of income - raising a bona fide legal claim, even if it is ultimately found to be legally not acceptable, could not amount to concealing particulars of income or furnishing of inaccurate particulars of income - no penalty Highlights Income Tax Sat, 10 Aug 2019 06:47:23 +0530 https://www.taxtmi.com/highlights?id=48566