https://www.taxtmi.com/caselaws?id=247122 The tribunal upheld the order of the CIT(A) regarding the appeal against the disallowance of deduction u/s 80-IB for the AY 2003-04. The appellant's absence led to an ex parte decision. The tribunal considered conflicting judgments on the deduction issue and found in favor of the appellant, citing past penalty cancellations. The tribunal dismissed the Revenue's appeal, affirming the cancellation of the penalty under section 271(1)(c) of the Income Tax Act on 7th March 2014. en-us Fri, 07 Mar 2014 00:00:00 +0530 Mon, 07 Apr 2014 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247122 The tribunal upheld the order of the CIT(A) regarding the appeal against the disallowance of deduction u/s 80-IB for the AY 2003-04. The appellant's absence led to an ex parte decision. The tribunal considered conflicting judgments on the deduction issue and found in favor of the appellant, citing past penalty cancellations. The tribunal dismissed the Revenue's appeal, affirming the cancellation of the penalty under section 271(1)(c) of the Income Tax Act on 7th March 2014. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247122