https://www.taxtmi.com/caselaws?id=269659 In both the quantum proceedings and penalty proceedings appeals, the Appellate Tribunal ITAT Lucknow dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. The tribunal found the deductions allowed were justified and there was no deliberate concealment in the claimed expenses, leading to the cancellation of the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. en-us Mon, 15 Jun 2015 00:00:00 +0530 Thu, 17 Dec 2015 23:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269659 In both the quantum proceedings and penalty proceedings appeals, the Appellate Tribunal ITAT Lucknow dismissed the Revenue's appeals, upholding the CIT(A)'s decisions. The tribunal found the deductions allowed were justified and there was no deliberate concealment in the claimed expenses, leading to the cancellation of the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269659