TMI BlogLevy of Penalty - bonafide belief - reverse charge - if, once it is established that the non-payment of...Levy of Penalty - bonafide belief - reverse charge - if, once it is established that the non-payment of tax was a result of a conscious and/or deliberate act of deception or wrong doing - But revenue failed to prove its case - no penalty - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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