https://www.taxtmi.com/caselaws?id=180969 The ITAT Ahmedabad upheld the decision of ld.CIT(A)-XV Ahmedabad to delete the penalty of &8377; 13,85,546/- imposed under section 271(1)(c) of the IT Act. The penalty was deleted based on the disallowance of TDS deduction for freight payments to truck owners. The tribunal agreed that the penalty imposition was not justified, emphasizing the distinction between penalty and assessment proceedings. The appellant's explanation was not adequately considered, and the tribunal found no grounds for penalty imposition, citing conflicting views on disallowance under section 40(a)(ia) and relevant case laws. en-us Fri, 04 Jan 2013 00:00:00 +0530 Tue, 05 Apr 2016 12:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180969 The ITAT Ahmedabad upheld the decision of ld.CIT(A)-XV Ahmedabad to delete the penalty of &8377; 13,85,546/- imposed under section 271(1)(c) of the IT Act. The penalty was deleted based on the disallowance of TDS deduction for freight payments to truck owners. The tribunal agreed that the penalty imposition was not justified, emphasizing the distinction between penalty and assessment proceedings. The appellant's explanation was not adequately considered, and the tribunal found no grounds for penalty imposition, citing conflicting views on disallowance under section 40(a)(ia) and relevant case laws. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180969