https://www.taxtmi.com/caselaws?id=221789 The appeal by the assessee was allowed on all grounds. Penalties were deleted as there was no concealment found in the disallowances made by the AO. The Tribunal accepted the legitimate interpretations and guidance relied upon by the assessee, ultimately ruling in their favor and deleting the penalties imposed. en-us Tue, 31 Jan 2012 00:00:00 +0530 Sat, 30 Mar 2013 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221789 The appeal by the assessee was allowed on all grounds. Penalties were deleted as there was no concealment found in the disallowances made by the AO. The Tribunal accepted the legitimate interpretations and guidance relied upon by the assessee, ultimately ruling in their favor and deleting the penalties imposed. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221789