https://www.taxtmi.com/caselaws?id=238766 The High Court upheld the Tribunal's decisions to delete penalties under section 271(1)(c) for disallowances related to sections 80-IB, duty draw back, and dividend income. The Tribunal found that the amounts were voluntarily disclosed by the assessee and not detected by the Revenue, indicating no concealment or inaccurate reporting. As a result, the penalties were deemed unjustified, leading to the dismissal of the appeal without costs. en-us Thu, 07 Mar 2013 00:00:00 +0530 Thu, 31 Oct 2013 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238766 The High Court upheld the Tribunal's decisions to delete penalties under section 271(1)(c) for disallowances related to sections 80-IB, duty draw back, and dividend income. The Tribunal found that the amounts were voluntarily disclosed by the assessee and not detected by the Revenue, indicating no concealment or inaccurate reporting. As a result, the penalties were deemed unjustified, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Thu, 07 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238766