Penalty u/s 271(1)(c) – the concessional rate of tax on Long ...

No penalty for Long Term Capital Gain tax error due to Chartered Accountant's advice; considered a bona fide mistake.

November 10, 2014

Case Laws Income Tax AT

Penalty u/s 271(1)(c) – the concessional rate of tax on Long Term Capital Gain was applied on the basis of the advice of the Chartered Accountant, therefore, it was a bona fide mistake - no penalty - AT

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Penalty u/s 271(1)(c) – the concessional rate of tax on Long ...

No penalty for Long Term Capital Gain tax error due to Chartered Accountant's advice; considered a bona fide mistake.

November 10, 2014

Case Laws Income Tax AT

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