https://www.taxtmi.com/caselaws?id=235897 The Court upheld the decision of the Tribunal in deleting the penalty under Section 271(1)(c) of the Income-tax Act. It found that the disallowance of expenses was due to a technical default in TDS payment and did not indicate income concealment. The Court concluded that the penalty was not justified as there was no evidence of inaccurate income reporting. Therefore, the appeal was dismissed, affirming the deletion of the penalty by both the CIT(A) and the Tribunal. en-us Tue, 15 Jan 2013 00:00:00 +0530 Thu, 08 Aug 2013 10:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235897 The Court upheld the decision of the Tribunal in deleting the penalty under Section 271(1)(c) of the Income-tax Act. It found that the disallowance of expenses was due to a technical default in TDS payment and did not indicate income concealment. The Court concluded that the penalty was not justified as there was no evidence of inaccurate income reporting. Therefore, the appeal was dismissed, affirming the deletion of the penalty by both the CIT(A) and the Tribunal. Case-Laws Income Tax Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235897