https://www.taxtmi.com/caselaws?id=218409 The Appellate Tribunal upheld the order of the ld CIT(A) and dismissed the revenue's appeal, ruling in favor of the assessee. The Tribunal found that the penalty deletion related to the disallowance of expenses due to late payment of TDS did not amount to concealment of income or furnishing inaccurate particulars of income. The Tribunal emphasized that the TDS was deducted and paid, albeit belatedly, and therefore, penalty under section 271(1)(c) was not justified in this case. en-us Fri, 05 Oct 2012 00:00:00 +0530 Tue, 30 Oct 2012 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218409 The Appellate Tribunal upheld the order of the ld CIT(A) and dismissed the revenue's appeal, ruling in favor of the assessee. The Tribunal found that the penalty deletion related to the disallowance of expenses due to late payment of TDS did not amount to concealment of income or furnishing inaccurate particulars of income. The Tribunal emphasized that the TDS was deducted and paid, albeit belatedly, and therefore, penalty under section 271(1)(c) was not justified in this case. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218409