TMI BlogNo Penalty for Assessee u/s 271(1)(c) Due to Bona Fide Explanation and Genuine Book Entries.Penalty u/s 271(1)(c) - The assessee has not failed to offer any explanation and the explanation of the assessee was not found to be false & has made bona-fide explanation based upon the entries in books of account maintained of the earlier years. - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|