https://www.taxtmi.com/caselaws?id=249296 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete penalties imposed under section 271(1)(c) for disallowances related to payments made to Nirma Education & Research Foundation, advertisement expenses, and bad debts. The Tribunal found that previous cases had deleted similar additions made by the Assessing Officer, leading to the dismissal of the penalties. The Revenue's appeal was dismissed, affirming the deletion of penalties by the Commissioner of Income Tax (Appeals) based on precedents set by the Coordinate Bench. en-us Fri, 13 Jun 2014 00:00:00 +0530 Thu, 10 Jul 2014 07:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249296 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to delete penalties imposed under section 271(1)(c) for disallowances related to payments made to Nirma Education & Research Foundation, advertisement expenses, and bad debts. The Tribunal found that previous cases had deleted similar additions made by the Assessing Officer, leading to the dismissal of the penalties. The Revenue's appeal was dismissed, affirming the deletion of penalties by the Commissioner of Income Tax (Appeals) based on precedents set by the Coordinate Bench. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249296