https://www.taxtmi.com/caselaws?id=325396 The Tribunal ruled in favor of the appellant, a Private Limited Company, in a case concerning the disallowance of deduction under section 80HHC of the Income-tax Act, 1961. The Tribunal held that the rejection of the deduction claim did not constitute concealment or furnishing inaccurate particulars of income, leading to the deletion of the penalty under section 271(1)(c). The decision was based on legal precedents and a thorough consideration of the facts, resulting in the cancellation of the penalty imposed by the Assessing Officer. en-us Tue, 01 Dec 2015 00:00:00 +0530 Thu, 17 Mar 2016 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325396 The Tribunal ruled in favor of the appellant, a Private Limited Company, in a case concerning the disallowance of deduction under section 80HHC of the Income-tax Act, 1961. The Tribunal held that the rejection of the deduction claim did not constitute concealment or furnishing inaccurate particulars of income, leading to the deletion of the penalty under section 271(1)(c). The decision was based on legal precedents and a thorough consideration of the facts, resulting in the cancellation of the penalty imposed by the Assessing Officer. Case-Laws Income Tax Tue, 01 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325396