https://www.taxtmi.com/caselaws?id=261441 The Tribunal upheld penalties for misrepresentation of expenditure and directed reassessment for the deletion of additions under section 40(a)(ia) of the Act. The decision highlighted the significance of accurate disclosure and rectification of errors to avoid penalties under the Income Tax Act. en-us Wed, 18 Mar 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261441 The Tribunal upheld penalties for misrepresentation of expenditure and directed reassessment for the deletion of additions under section 40(a)(ia) of the Act. The decision highlighted the significance of accurate disclosure and rectification of errors to avoid penalties under the Income Tax Act. Case-Laws Income Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261441