No penalty for not filing tax returns as bona fide explanation accepted u/s 271(1)(c).

Levy of Penalty u/s.271(1)(c) - the explanation of the assessee is bonafide for not filing the returns of income for both these assessment years - no penalty can be levied on the assessee on the charge of concealing the particulars of income - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X