[aaykarbhavan] No penalty if investment in sec. 54EC bonds was made a few days after prescribed time-limit under bona fide belief

No penalty if investment in sec. 54EC bonds was made a few days after prescribed time-limit under bona fide belief

May 15, 2014[2014] 45 taxmann.com 180 (Punjab & Haryana)

IT : Where purchase of specified bonds just a few days beyond period of six months was under a bona fide mistake, exemption under section 54EC could be denied but penalty under section 271(1)(c) could not be levied

 

Regards

Prarthana Jalan

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