https://www.taxtmi.com/caselaws?id=272268 The Tribunal partly allowed the appeal of the assessee regarding the levy of penalty under section 271(1)(c) and the additions made by the Assessing Officer. Relief was granted in certain aspects, such as the disallowance of depreciation under section 80IB and the addition under section 69C on account of expenditure. However, the penalty under section 271(1)(c) was upheld in part, with the Tribunal directing the Assessing Officer to recompute the penalty for sustained additions. en-us Fri, 22 Jan 2016 00:00:00 +0530 Thu, 03 Mar 2016 11:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272268 The Tribunal partly allowed the appeal of the assessee regarding the levy of penalty under section 271(1)(c) and the additions made by the Assessing Officer. Relief was granted in certain aspects, such as the disallowance of depreciation under section 80IB and the addition under section 69C on account of expenditure. However, the penalty under section 271(1)(c) was upheld in part, with the Tribunal directing the Assessing Officer to recompute the penalty for sustained additions. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272268