https://www.taxtmi.com/caselaws?id=218785 The Tribunal partly allowed the assessee's appeal, dismissed the Revenue's appeal, and allowed the penalty appeal of the assessee. The Tribunal upheld the assessment for the limitation period of assessment year 2005-06, the addition of foreign traveling expenses was reversed, and the penalty under section 271(1)(c) was not sustained due to the deletion of the disallowed expenses in the quantum appeal. The Tribunal found no error in the reference to the Transfer Pricing Officer and held that the disallowance of expenses related to an alleged international transaction was not justified. en-us Thu, 26 Jul 2012 00:00:00 +0530 Tue, 16 Oct 2012 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218785 The Tribunal partly allowed the assessee's appeal, dismissed the Revenue's appeal, and allowed the penalty appeal of the assessee. The Tribunal upheld the assessment for the limitation period of assessment year 2005-06, the addition of foreign traveling expenses was reversed, and the penalty under section 271(1)(c) was not sustained due to the deletion of the disallowed expenses in the quantum appeal. The Tribunal found no error in the reference to the Transfer Pricing Officer and held that the disallowance of expenses related to an alleged international transaction was not justified. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218785