Supreme Court: No Penalty u/s 271(1)(c) of Income Tax Act Due to Bona Fide Belief in 2009 Case.

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....Penalty proceedings u/s.271(1)(c) - This judgment of Hon'ble Supreme Court had come after the closure of the financial year 31st March, 2009. Thus, at the time of filing of return of income assessee did have a bonafide belief - No penalty.....