https://www.taxtmi.com/highlights?id=73132 Penalty u/s 271(1)(c) - difference between the income declared in the return by the assessee under the provisions of section 115JB of the Act and income assessed by the Ld. AO - No penalty can be levied on the addition/disallowance made on the basis of retrospective amendment under the law.- AT en-us Tue, 21 Nov 2023 08:32:39 +0530 Tue, 21 Nov 2023 08:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73132 Penalty u/s 271(1)(c) - difference between the income declared in the return by the assessee under the provisions of section 115JB of the Act and income assessed by the Ld. AO - No penalty can be levied on the addition/disallowance made on the basis of retrospective amendment under the law.- AT Highlights Income Tax Tue, 21 Nov 2023 08:32:39 +0530 https://www.taxtmi.com/highlights?id=73132