Begin typing your search above and press return to search.
![No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]")
No Penalty if the Assessee admits Undisclosed Income during the course of proceedings: ITAT Mumbai [Read Order]
In a significant ruling,  Mumbai bench of the Income Tax Appellate Tribunal, in a recent ruling, held that the benefit if section 271(1)(c) shall be...
![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]")
