bonafide

  • Income Tax

No concealment Penalty if assessee’s explanation not found false, but not accepted

No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS…

5 years ago
  • Income Tax

No concealment penalty for bonafide error of chartered accountant in claiming deduction u/s 80IC

No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…

5 years ago
  • Income Tax

No penalty u/s 271A due to Bonafide belief that assessee was covered u/s 44AF – ITAT

No penalty u/s 271A when assessee was under Bonafide belief that being covered under section 44AF he was not required…

5 years ago