https://www.taxtmi.com/caselaws?id=327832 The Tribunal allowed the appeals filed by the assessee and dismissed the appeals filed by the Department. The penalty under Section 271(1)(c) was not imposed due to various reasons, including the deletion of disallowances in quantum appeals and the lack of concealment of particulars. Disallowances of depreciation, assets written off, deductions under Section 80IA, and other issues were not sustained, leading to the direction for the Assessing Officer to grant claimed deductions and delete imposed penalties. en-us Fri, 13 May 2016 00:00:00 +0530 Fri, 20 May 2016 13:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327832 The Tribunal allowed the appeals filed by the assessee and dismissed the appeals filed by the Department. The penalty under Section 271(1)(c) was not imposed due to various reasons, including the deletion of disallowances in quantum appeals and the lack of concealment of particulars. Disallowances of depreciation, assets written off, deductions under Section 80IA, and other issues were not sustained, leading to the direction for the Assessing Officer to grant claimed deductions and delete imposed penalties. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327832