https://www.taxtmi.com/caselaws?id=118936 The Tribunal canceled the penalty for concealment related to the double debiting of PF amount of Rs. 1,73,126, finding the explanation bona fide. Penalties for unproved training expenses and foreign travel expenses were also canceled as there was no concealment. The Tribunal rejected the technical objection regarding the Assessing Officer's satisfaction, affirming that the penalty was unjustified. The assessee's appeal was allowed, and the penalty was ultimately canceled. en-us Mon, 25 Jul 2005 00:00:00 +0530 Fri, 06 Jul 2012 17:38:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118936 The Tribunal canceled the penalty for concealment related to the double debiting of PF amount of Rs. 1,73,126, finding the explanation bona fide. Penalties for unproved training expenses and foreign travel expenses were also canceled as there was no concealment. The Tribunal rejected the technical objection regarding the Assessing Officer's satisfaction, affirming that the penalty was unjustified. The assessee's appeal was allowed, and the penalty was ultimately canceled. Case-Laws Income Tax Mon, 25 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118936