https://www.taxtmi.com/caselaws?id=395675 The Tribunal concluded that the penalty under section 271(1)(c) was not justified as the assessee had a bona fide belief and had disclosed all necessary details. The appeal was allowed, and the penalty was directed to be deleted. Additionally, the Tribunal acknowledged the procedural adjustments necessitated by the COVID-19 pandemic, ensuring compliance with judicial guidelines. en-us Wed, 27 May 2020 00:00:00 +0530 Tue, 02 Jun 2020 03:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395675 The Tribunal concluded that the penalty under section 271(1)(c) was not justified as the assessee had a bona fide belief and had disclosed all necessary details. The appeal was allowed, and the penalty was directed to be deleted. Additionally, the Tribunal acknowledged the procedural adjustments necessitated by the COVID-19 pandemic, ensuring compliance with judicial guidelines. Case-Laws Income Tax Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395675