https://www.taxtmi.com/caselaws?id=180114 The Tribunal dismissed the Revenue's appeal, ruling that the disallowance of expenditure for non-deduction of TDS did not justify penalty imposition under section 271(1)(c) as there was no concealment or inaccurate particulars of income by the assessee. The decision was based on the Supreme Court precedent emphasizing the necessity of meeting specific conditions for penalty imposition under the Income Tax Act. en-us Fri, 17 Jun 2011 00:00:00 +0530 Sat, 08 Apr 2023 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180114 The Tribunal dismissed the Revenue's appeal, ruling that the disallowance of expenditure for non-deduction of TDS did not justify penalty imposition under section 271(1)(c) as there was no concealment or inaccurate particulars of income by the assessee. The decision was based on the Supreme Court precedent emphasizing the necessity of meeting specific conditions for penalty imposition under the Income Tax Act. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180114