https://www.taxtmi.com/caselaws?id=204963 The tribunal dismissed the quantum appeal (ITA No.456/Hyd/2009) challenging the addition of job work charges based on discrepancies, citing lack of merit in the appellant's contentions. The penalty appeal (ITA No.457/Hyd/2009) against the imposition of penalty under S.271B for not filing a tax audit report was allowed, as the tribunal found the appellant's genuine belief regarding turnover and lack of evidence from the Revenue to justify the penalty. en-us Fri, 31 Dec 2010 00:00:00 +0530 Tue, 12 Jul 2011 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204963 The tribunal dismissed the quantum appeal (ITA No.456/Hyd/2009) challenging the addition of job work charges based on discrepancies, citing lack of merit in the appellant's contentions. The penalty appeal (ITA No.457/Hyd/2009) against the imposition of penalty under S.271B for not filing a tax audit report was allowed, as the tribunal found the appellant's genuine belief regarding turnover and lack of evidence from the Revenue to justify the penalty. Case-Laws Income Tax Fri, 31 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204963