https://www.taxtmi.com/caselaws?id=264618 The Appellate Tribunal ITAT Ahmedabad deleted penalties totaling &8377;2,29,891 imposed under section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2005-06. The penalties were related to adjustments under section 145A, disallowance of foreign travel expenses, and bonus payment to laborers. The Tribunal found that the Assessee had not concealed any information or provided inaccurate particulars, leading to the deletion of penalties on these additions. The penalties were deemed unsustainable based on the Assessee's disclosure of expenditure details and explanations, resulting in the penalties being deleted. en-us Thu, 23 Jul 2015 00:00:00 +0530 Wed, 09 Sep 2015 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264618 The Appellate Tribunal ITAT Ahmedabad deleted penalties totaling &8377;2,29,891 imposed under section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2005-06. The penalties were related to adjustments under section 145A, disallowance of foreign travel expenses, and bonus payment to laborers. The Tribunal found that the Assessee had not concealed any information or provided inaccurate particulars, leading to the deletion of penalties on these additions. The penalties were deemed unsustainable based on the Assessee's disclosure of expenditure details and explanations, resulting in the penalties being deleted. Case-Laws Income Tax Thu, 23 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264618