https://www.taxtmi.com/caselaws?id=177485 The Tribunal confirmed the deletion of the addition made by the Assessing Officer regarding contribution transferred to the Investor's Service Cell, granting exemption under section 11. The Tribunal upheld the deletion of the addition under section 43B, considering it as consequential to the exempted provisions. However, the Tribunal allowed the Revenue's appeal regarding penalty proceedings under section 271B, permitting the Assessing Officer to levy penalties if necessary. The judgment resolved these issues comprehensively, partially allowing the Revenue's appeal. en-us Fri, 06 Aug 2010 00:00:00 +0530 Mon, 11 Jan 2016 12:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177485 The Tribunal confirmed the deletion of the addition made by the Assessing Officer regarding contribution transferred to the Investor's Service Cell, granting exemption under section 11. The Tribunal upheld the deletion of the addition under section 43B, considering it as consequential to the exempted provisions. However, the Tribunal allowed the Revenue's appeal regarding penalty proceedings under section 271B, permitting the Assessing Officer to levy penalties if necessary. The judgment resolved these issues comprehensively, partially allowing the Revenue's appeal. Case-Laws Income Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177485