The Chhattisgarh High Court ruled that no penalty under Section 271(1)(c) can be imposed for a bona fide mistake voluntarily disclosed by the taxpayer.
In a recent ruling, the Chhattisgarh High Court ruled that no penalty under Section 271(1)(c) of the Income Tax Act, 1961, can be imposed where the taxpayer voluntarily discloses a bona fide error in their return. Chhattisgarh State Power Transmission Company Ltd., a government-owned entity, had initially filed its income tax return for the assessment…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹2299 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
