https://www.taxtmi.com/caselaws?id=233855 The Tribunal upheld the CIT (A) decisions in both cases. For AY 2004-05, the penalty under section 271(1)(c) was canceled due to the bonafide nature of the claim and disclosure of material facts, leading to the dismissal of the Revenue's appeal. In AY 2008-09, the deletion of addition on account of advances from customers was upheld as the evidence and submissions supported the assessee's position, resulting in the dismissal of the Revenue's appeal. en-us Fri, 05 Apr 2013 00:00:00 +0530 Sat, 18 May 2013 10:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233855 The Tribunal upheld the CIT (A) decisions in both cases. For AY 2004-05, the penalty under section 271(1)(c) was canceled due to the bonafide nature of the claim and disclosure of material facts, leading to the dismissal of the Revenue's appeal. In AY 2008-09, the deletion of addition on account of advances from customers was upheld as the evidence and submissions supported the assessee's position, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233855