Income Tax | ITAT Mumbai Deletes Section 43 Black Money Act Penalty for Bona Fide FA Omission

ITAT Mumbai deletes Rs. 10 lakh penalties for three years, holding inadvertent non-disclosure of foreign assets insufficient for Section 43 penalty. The post ITAT Mumbai Deletes Section 43 Black Money Act Penalty for Bona Fide FA Omission appeared first on TaxGuru .