https://www.taxtmi.com/caselaws?id=260253 The Tribunal directed the Assessing Officer to reconsider the deduction issues under Sections 36(1)(viii) and 36(1)(viia)(c) for fresh adjudication, while upholding the disallowance of filing fees as capital expenditure. The penalty imposed under Section 271(1)(c) was deleted in favor of the assessee, as the Tribunal found no deliberate concealment of income. The Revenue's appeal on the penalty issue was dismissed due to the remittance of the quantum assessment back to the AO, rendering the penalty issue moot. en-us Fri, 29 May 2015 00:00:00 +0530 Fri, 05 Jun 2015 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260253 The Tribunal directed the Assessing Officer to reconsider the deduction issues under Sections 36(1)(viii) and 36(1)(viia)(c) for fresh adjudication, while upholding the disallowance of filing fees as capital expenditure. The penalty imposed under Section 271(1)(c) was deleted in favor of the assessee, as the Tribunal found no deliberate concealment of income. The Revenue's appeal on the penalty issue was dismissed due to the remittance of the quantum assessment back to the AO, rendering the penalty issue moot. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260253