https://www.taxtmi.com/caselaws?id=325349 The ITAT allowed the appeal, disagreeing with the lower authorities' findings. It found the assessee had voluntarily offered the disallowance, maintained proper accounts, and not furnished inaccurate particulars. The judgment stressed the importance of voluntary disclosure and adherence to legal provisions in penalty imposition under the Income Tax Act. en-us Thu, 07 Jan 2016 00:00:00 +0530 Thu, 17 Mar 2016 10:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325349 The ITAT allowed the appeal, disagreeing with the lower authorities' findings. It found the assessee had voluntarily offered the disallowance, maintained proper accounts, and not furnished inaccurate particulars. The judgment stressed the importance of voluntary disclosure and adherence to legal provisions in penalty imposition under the Income Tax Act. Case-Laws Income Tax Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325349