TMI BlogNo Penalty for Assessee: Chartered Accountant's Bona Fide Mistake Led to Income Computation Error u/s 271(1)(c).Penalty u/s.271(1)(c) - bonafide mistake - failure to voluntarily add back provision of gratuity in the computation of income - the fault of Chartered Accountant cannot be visited on the assessee - No penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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