https://www.taxtmi.com/caselaws?id=151244 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the penalty imposed under section 271(1)(c). The decision was based on the genuine nature of the expenses, the bona fide debate regarding their classification as capital or revenue expenditure, and the absence of inaccurate or concealed particulars from the assessee. en-us Tue, 25 May 2010 00:00:00 +0530 Mon, 03 Jun 2013 10:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151244 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the penalty imposed under section 271(1)(c). The decision was based on the genuine nature of the expenses, the bona fide debate regarding their classification as capital or revenue expenditure, and the absence of inaccurate or concealed particulars from the assessee. Case-Laws Income Tax Tue, 25 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151244