https://www.taxtmi.com/caselaws?id=208911 The ITAT, Chandigarh upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the IT Act for the assessment year 2004-05. The penalty was originally imposed based on the disallowance of foreign tour expenses and recomputation of deduction under section 80HHC. The ITAT agreed that there was no basis for penalty as the expenses were non-business related, and there was no evidence of income concealment. As a result, the Revenue's appeal was dismissed, affirming the deletion of the penalty. en-us Thu, 25 Feb 2010 00:00:00 +0530 Mon, 25 May 2026 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208911 The ITAT, Chandigarh upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the IT Act for the assessment year 2004-05. The penalty was originally imposed based on the disallowance of foreign tour expenses and recomputation of deduction under section 80HHC. The ITAT agreed that there was no basis for penalty as the expenses were non-business related, and there was no evidence of income concealment. As a result, the Revenue's appeal was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Thu, 25 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208911