https://www.taxtmi.com/highlights?id=53570 Penalty u/s 271(1)(c) - The Revenue may or may not agree with this understanding of law of the assessee but the fact that there can be a bona fide view to that effect cannot be ruled out. The human probabilities favour acceptance of this explanation for bona fides. It cannot always be feasible to prove the claim of bona fides to the hilt, nor, in our considered opinion, the assessee cannot be expected to do so. en-us Tue, 02 Jun 2020 09:22:02 +0530 Tue, 02 Jun 2020 09:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53570 Penalty u/s 271(1)(c) - The Revenue may or may not agree with this understanding of law of the assessee but the fact that there can be a bona fide view to that effect cannot be ruled out. The human probabilities favour acceptance of this explanation for bona fides. It cannot always be feasible to prove the claim of bona fides to the hilt, nor, in our considered opinion, the assessee cannot be expected to do so. Highlights Income Tax Tue, 02 Jun 2020 09:22:02 +0530 https://www.taxtmi.com/highlights?id=53570