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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Penalty u/s.271(1)(c) - bonafide mistake - failure to ...


No Penalty for Assessee: Chartered Accountant's Bona Fide Mistake Led to Income Computation Error u/s 271(1)(c).

August 2, 2018

Case Laws     Income Tax     AT

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.

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