https://www.taxtmi.com/caselaws?id=235045 The High Court upheld the decisions of the Commissioner of Incometax [Appeals] and the Tribunal to delete the penalty imposed on bad debts and prior expenses additions. The Court found no evidence of inaccurate particulars or concealment by the assessee, concluding that the penalty was unjustified. As there was no legal or substantial question of law arising, the Tax Appeal was dismissed. en-us Mon, 01 Jul 2013 00:00:00 +0530 Tue, 09 Jul 2013 09:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235045 The High Court upheld the decisions of the Commissioner of Incometax [Appeals] and the Tribunal to delete the penalty imposed on bad debts and prior expenses additions. The Court found no evidence of inaccurate particulars or concealment by the assessee, concluding that the penalty was unjustified. As there was no legal or substantial question of law arising, the Tax Appeal was dismissed. Case-Laws Income Tax Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235045