https://www.taxtmi.com/caselaws?id=249764 The ITAT upheld the deletion of penalty under section 271(1)(c) of the IT Act for ROC fees, as there was no deliberate concealment and the expenditure was duly disclosed. It affirmed the revenue nature of stamp duty and registration charges on leasehold property, dismissing the Revenue's appeal. The ITAT dismissed the appeal on FBT charges due to tax effect limits set by the CBDT. Regarding provision for leave encashment, the ITAT remitted the issue for fresh consideration post the Supreme Court's decision, allowing the assessee's appeal for statistical purposes. en-us Thu, 10 Jul 2014 00:00:00 +0530 Wed, 23 Jul 2014 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249764 The ITAT upheld the deletion of penalty under section 271(1)(c) of the IT Act for ROC fees, as there was no deliberate concealment and the expenditure was duly disclosed. It affirmed the revenue nature of stamp duty and registration charges on leasehold property, dismissing the Revenue's appeal. The ITAT dismissed the appeal on FBT charges due to tax effect limits set by the CBDT. Regarding provision for leave encashment, the ITAT remitted the issue for fresh consideration post the Supreme Court's decision, allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249764