https://www.taxtmi.com/caselaws?id=270573 The appeal was partly allowed, with the penalty to be levied only on the sustained addition amount. The Tribunal directed the penalty to be recomputed based on the upheld expenses, significantly reducing the penalty amount. The decision was pronounced on 20.11.2015. en-us Fri, 20 Nov 2015 00:00:00 +0530 Sat, 09 Jan 2016 17:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270573 The appeal was partly allowed, with the penalty to be levied only on the sustained addition amount. The Tribunal directed the penalty to be recomputed based on the upheld expenses, significantly reducing the penalty amount. The decision was pronounced on 20.11.2015. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270573