https://www.taxtmi.com/caselaws?id=215305 The Court upheld the ITAT's decision to allow the deduction claimed under Section 80HHC by the assessee and to delete the penalty under Section 271(1)(c) imposed by the Revenue. The Court emphasized the importance of disclosing all relevant facts by the assessee and applied legal principles established in previous judgments to support its decision. The appeal challenging the disallowance of deduction and penalty imposition was dismissed, with the Court finding the Tribunal's decision legally sound. en-us Fri, 20 Jul 2012 00:00:00 +0530 Mon, 30 Jul 2012 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215305 The Court upheld the ITAT's decision to allow the deduction claimed under Section 80HHC by the assessee and to delete the penalty under Section 271(1)(c) imposed by the Revenue. The Court emphasized the importance of disclosing all relevant facts by the assessee and applied legal principles established in previous judgments to support its decision. The appeal challenging the disallowance of deduction and penalty imposition was dismissed, with the Court finding the Tribunal's decision legally sound. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215305