https://www.taxtmi.com/caselaws?id=175112 The Tribunal directed the Assessing Officer to delete the penalty of Rs. 25,000 under section 271A for non-maintenance of books of account as the books were maintained but not produced due to lapses. For the penalty under section 271(1)(c), the Tribunal deleted the penalty for salary difference and expenditure disallowance but upheld the penalty for denial of exemption under section 54F due to lack of evidence of construction expenses. The appeal in ITA No.1222/Chd/2012 was allowed, and the appeal in ITA No.1223/Chd/2012 was partly allowed. en-us Fri, 17 May 2013 00:00:00 +0530 Sat, 02 Jan 2016 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175112 The Tribunal directed the Assessing Officer to delete the penalty of Rs. 25,000 under section 271A for non-maintenance of books of account as the books were maintained but not produced due to lapses. For the penalty under section 271(1)(c), the Tribunal deleted the penalty for salary difference and expenditure disallowance but upheld the penalty for denial of exemption under section 54F due to lack of evidence of construction expenses. The appeal in ITA No.1222/Chd/2012 was allowed, and the appeal in ITA No.1223/Chd/2012 was partly allowed. Case-Laws Income Tax Fri, 17 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175112