https://www.taxtmi.com/caselaws?id=151960 The Appellate Tribunal ITAT Kolkata upheld the deletion of a penalty under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 1990-91. The case centered on the disallowance of a deduction claimed by the assessee for development allowance related to tea plantation. The Tribunal found that there was insufficient evidence to support the Assessing Officer's assumption that the actual cost of plantation was higher than claimed. Emphasizing the requirement for concrete evidence, the Tribunal dismissed the appeal, affirming the deletion of the penalty by the Commissioner of Income-tax (Appeals). en-us Tue, 10 Oct 2000 00:00:00 +0530 Thu, 20 Jun 2013 12:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151960 The Appellate Tribunal ITAT Kolkata upheld the deletion of a penalty under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 1990-91. The case centered on the disallowance of a deduction claimed by the assessee for development allowance related to tea plantation. The Tribunal found that there was insufficient evidence to support the Assessing Officer's assumption that the actual cost of plantation was higher than claimed. Emphasizing the requirement for concrete evidence, the Tribunal dismissed the appeal, affirming the deletion of the penalty by the Commissioner of Income-tax (Appeals). Case-Laws Income Tax Tue, 10 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151960