No Penalty u/s 271(1)( c ) If Assessee had acted in a Bonafide Manner: ITAT [Read Order]

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the department should not impose the Penalty under section 271(1)(c) of the Income Tax Act if the assessee had acted in a bona fide manner. The appellant-assessee, Inspectorate Singapore Pte. Ltd., filed its return of income for the year under consideration on […]

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