https://www.taxtmi.com/caselaws?id=238250 The Tribunal partly allowed the assessee's appeal, remitting the matter concerning the Bhiwandi property back to the CIT(A) for further examination of specific expenses. The penalty under Section 271(1)(c) was confirmed for the remaining disallowed expenses, as the assessee failed to substantiate the claims adequately. The decision by the apex court in a relevant case was deemed inapplicable due to the factual nature of the case. en-us Mon, 14 Oct 2013 00:00:00 +0530 Fri, 18 Oct 2013 21:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238250 The Tribunal partly allowed the assessee's appeal, remitting the matter concerning the Bhiwandi property back to the CIT(A) for further examination of specific expenses. The penalty under Section 271(1)(c) was confirmed for the remaining disallowed expenses, as the assessee failed to substantiate the claims adequately. The decision by the apex court in a relevant case was deemed inapplicable due to the factual nature of the case. Case-Laws Income Tax Mon, 14 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238250