Begin typing your search above and press return to search.
![Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT [Read Order]")
Penalty u/s 271(1)(c) is not Leviable when a Bonafide Claim of the Assessee gets Rejected: ITAT [Read Order]
The Mumbai bench of the ITAT, in M/s. Buildbyte.com v. ACIT, held that penalty under section 271(1)(c) of the Income Tax Act cannot be levied in a...