https://www.taxtmi.com/caselaws?id=261781 The High Court allowed exemptions subject to exceptions and disposed of applications. Revenue's appeals against ITAT's order on arrears of rent and interest were dismissed, with penalty proceedings questioning deliberate misreporting of income. CIT (A) and ITAT ruled in Assessee's favor, finding no deliberate concealment of income. The High Court upheld this decision, dismissing Revenue's appeals. Penalty proceedings under Section 271(1)(c) focused on rent classification, with all levels ruling in Assessee's favor, leading to the dismissal of appeals due to no substantial legal question. en-us Mon, 06 Jul 2015 00:00:00 +0530 Wed, 22 Jul 2015 06:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261781 The High Court allowed exemptions subject to exceptions and disposed of applications. Revenue's appeals against ITAT's order on arrears of rent and interest were dismissed, with penalty proceedings questioning deliberate misreporting of income. CIT (A) and ITAT ruled in Assessee's favor, finding no deliberate concealment of income. The High Court upheld this decision, dismissing Revenue's appeals. Penalty proceedings under Section 271(1)(c) focused on rent classification, with all levels ruling in Assessee's favor, leading to the dismissal of appeals due to no substantial legal question. Case-Laws Income Tax Mon, 06 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261781