https://www.taxtmi.com/caselaws?id=795426 A fully disclosed, bona fide and inadvertent claim for exemption exceeding the admissible extent does not, by itself, amount to under-reporting, misreporting or furnishing inaccurate particulars for penalty purposes. The note explains that penalty proceedings remain distinct from assessment proceedings, so rejection of a claim is insufficient without material showing mala fides, concealment or a false claim. It also records that a delay caused by bona fide bureaucratic decision-making may be condoned where it is beyond the taxpayer's control and does not seek undue advantage, favouring substantial justice over technical dismissal. en-us Tue, 30 Jun 2026 00:00:00 +0530 Wed, 22 Jul 2026 08:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795426 A fully disclosed, bona fide and inadvertent claim for exemption exceeding the admissible extent does not, by itself, amount to under-reporting, misreporting or furnishing inaccurate particulars for penalty purposes. The note explains that penalty proceedings remain distinct from assessment proceedings, so rejection of a claim is insufficient without material showing mala fides, concealment or a false claim. It also records that a delay caused by bona fide bureaucratic decision-making may be condoned where it is beyond the taxpayer's control and does not seek undue advantage, favouring substantial justice over technical dismissal. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795426