https://www.taxtmi.com/caselaws?id=269307 The ITAT Delhi allowed the appeal of the assessee, ruling that the penalty imposed under section 271(1)(c) for disallowance of expenditure was not justified. The Tribunal found the disallowed expenditure to be genuine, stating it did not amount to concealment or providing inaccurate particulars. The penalty was set aside as the disallowance was not considered a ground for penalization, even if there were mistakes by tax consultants. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269307 The ITAT Delhi allowed the appeal of the assessee, ruling that the penalty imposed under section 271(1)(c) for disallowance of expenditure was not justified. The Tribunal found the disallowed expenditure to be genuine, stating it did not amount to concealment or providing inaccurate particulars. The penalty was set aside as the disallowance was not considered a ground for penalization, even if there were mistakes by tax consultants. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269307