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![No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]")
No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]
A division bench of the delhi Tribunal in DCIT v. American Express India Pvt. Ltd, held that penalty under Section 271(1)(c) of the Income Tax Act,...