Bona fide error cannot be basis of imposition of penalty u/s. 270A: ITAT Delhi

ACIT Vs Mahashian Di Hatti Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that bona fide error cannot be basis of imposition of penalty and hence imposition of penalty under section 270A of the Income Tax Act rightly deleted by First Appellate Authority.

Facts- The case was selected for scrutiny under CASS. During assess

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