https://www.taxtmi.com/caselaws?id=257633 The Tribunal partly allowed the appeals for assessment years 2006-07 and 2009-10 and allowed the appeal for assessment year 2007-08 for statistical purposes. Penalties related to various disallowances and expenses were reconsidered, with some penalties deleted due to quantum proceedings outcomes and others confirmed or restored for further adjudication. The Tribunal directed the AO to reassess certain penalties and disallowances, providing specific instructions for re-adjudication by the CIT(A) and AO. en-us Mon, 02 Mar 2015 00:00:00 +0530 Tue, 17 Mar 2015 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257633 The Tribunal partly allowed the appeals for assessment years 2006-07 and 2009-10 and allowed the appeal for assessment year 2007-08 for statistical purposes. Penalties related to various disallowances and expenses were reconsidered, with some penalties deleted due to quantum proceedings outcomes and others confirmed or restored for further adjudication. The Tribunal directed the AO to reassess certain penalties and disallowances, providing specific instructions for re-adjudication by the CIT(A) and AO. Case-Laws Income Tax Mon, 02 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257633