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![Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Penalty-Tax-Scan.jpg "Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]")
Penalty cannot be levied on Non-disallowance of Expenditure by the assesee on bonafide belief: ITAT Mumbai [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal, Mumbai, if the assessee does not make disallowance u/s 43-Bin bonafide belief, then the Revenue...
![S. 14A is Applicable in case of Disallowance on account of Expenditure incurred from Exempt Income in the form of Dividend: ITAT Kolkata [Read Order]](/images/placeholder.jpg "S. 14A is Applicable in case of Disallowance on account of Expenditure incurred from Exempt Income in the form of Dividend: ITAT Kolkata [Read Order]")