https://www.taxtmi.com/highlights?id=65624 Penalty u/s. 271(1)(c) - difference between the returned income (loss) and income(loss) as per computation - the claim made by the Assessee as bona fide and therefore cannot be termed as dishonest or mala fide, hence we are of the considered view that in facts and circumstances and the documents available on record as stated above, no penalty is leviable - AT en-us Wed, 14 Sep 2022 13:39:39 +0530 Wed, 14 Sep 2022 13:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65624 Penalty u/s. 271(1)(c) - difference between the returned income (loss) and income(loss) as per computation - the claim made by the Assessee as bona fide and therefore cannot be termed as dishonest or mala fide, hence we are of the considered view that in facts and circumstances and the documents available on record as stated above, no penalty is leviable - AT Highlights Income Tax Wed, 14 Sep 2022 13:39:39 +0530 https://www.taxtmi.com/highlights?id=65624