TMI BlogLevy of penalty u/s 271(1)(c) - since there is only a change of head of income from ‘STCG’ as declared...Levy of penalty u/s 271(1)(c) - since there is only a change of head of income from ‘STCG’ as declared by the assessee to ‘business income’ as held by the AO and no evidence brought on record that the assessee’s claim was not bona fide - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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