Assessee can’t be penalized for a Bonafide Mistake committed by Chartered Accountant: ITAT [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that no penalty can be initiated against the assessee under section 271(1)(c) of the Income Tax Act, 1961 for a bonafide mistake committed on the part of the Chartered Accountant. The sole grievance of the assessee was that the Assessing Officer […]

The post Assessee can’t be penalized for a Bonafide Mistake committed by Chartered Accountant: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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