No Penalty Imposed on Assessee for Voluntary Disclosure of Capital Gains u/s 271(1)(c) After Legal Advice.

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....Penalty proceedings u/s 271(1)(c) - The assessee herein is a technical person and may not necessarily know the complicated tax laws - assessee acting on legal advice, readily came forward and offered the capital gains without resorting to litigation - onus of bonafide is broadly discharged - No penalty.....