https://www.taxtmi.com/caselaws?id=184067 The High Court upheld the decisions of the CIT (A) and the Tribunal, confirming the deletion of the penalty under Section 80HH. The Court emphasized the bonafide mistake by the assessee in claiming the deduction, the lack of fraudulent intent, and the transparency in disclosing material facts. The judgment concluded that the assessee's actions did not amount to deliberate concealment of facts, leading to the dismissal of the appeals at the admission stage. en-us Wed, 13 Sep 2006 00:00:00 +0530 Tue, 28 Jun 2016 18:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184067 The High Court upheld the decisions of the CIT (A) and the Tribunal, confirming the deletion of the penalty under Section 80HH. The Court emphasized the bonafide mistake by the assessee in claiming the deduction, the lack of fraudulent intent, and the transparency in disclosing material facts. The judgment concluded that the assessee's actions did not amount to deliberate concealment of facts, leading to the dismissal of the appeals at the admission stage. Case-Laws Income Tax Wed, 13 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184067