Assessee's Honest Mistake in Tax Filing: No Penalty Imposed u/s 271(1)(c) Due to Lack of Ulterior Motive.

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....Penalty u/s 271(1)(c) - the assessee has furnished bonafide and genuine explanations as to an inadvertent mistake committed by it which was an human error committed while filing its return of income and there cannot be any ulterior motive attached to this error committed by the assessee, which has taken it out from the clutches of penalty under the provisions of Section 271(1)(c)....