https://www.taxtmi.com/caselaws?id=220404 The ITAT partly allowed the Revenue's appeal. The penalty under section 271(1)(c) related to disallowance under section 40(a)(i) and income of the Head Office/Foreign Branches was deleted as these additions were removed in the quantum appeal. However, the penalty related to tax deducted in Korea by S.K. Telecom was upheld, with the ITAT directing the AO to impose a penalty at 100% of the tax sought to be evaded. en-us Wed, 05 Dec 2012 00:00:00 +0530 Wed, 23 Jan 2013 06:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220404 The ITAT partly allowed the Revenue's appeal. The penalty under section 271(1)(c) related to disallowance under section 40(a)(i) and income of the Head Office/Foreign Branches was deleted as these additions were removed in the quantum appeal. However, the penalty related to tax deducted in Korea by S.K. Telecom was upheld, with the ITAT directing the AO to impose a penalty at 100% of the tax sought to be evaded. Case-Laws Income Tax Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220404