https://www.taxtmi.com/caselaws?id=247737 The Tribunal allowed the assessee's appeal, concluding that there was no concealment or filing of inaccurate particulars of income. The penalties under Section 271(1)(c) for administrative expenses, write-off of unsaleable stock, and unpaid expenses were deleted. The Tribunal emphasized that penalty imposition is not automatic for every disallowance and highlighted the good faith and transparency of the assessee's claims. en-us Mon, 12 May 2014 00:00:00 +0530 Wed, 21 May 2014 11:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247737 The Tribunal allowed the assessee's appeal, concluding that there was no concealment or filing of inaccurate particulars of income. The penalties under Section 271(1)(c) for administrative expenses, write-off of unsaleable stock, and unpaid expenses were deleted. The Tribunal emphasized that penalty imposition is not automatic for every disallowance and highlighted the good faith and transparency of the assessee's claims. Case-Laws Income Tax Mon, 12 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247737