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![No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]")
No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]
Justices S C Dharmadhikari and Prakash D Naik of Bombay High Court, in CIT v. Smt. Madhuri Satish Misal, held that penalty under the provisions of the...