https://www.taxtmi.com/caselaws?id=332282 The Tribunal allowed the appeal, emphasizing the appellant's genuine business activities and consistent financial reporting. The penalty under section 271(1)(c) related to the disallowed bad debts claim was deleted, highlighting the importance of bonafide claims and factual evidence in tax penalty cases. en-us Mon, 01 Aug 2016 00:00:00 +0530 Wed, 14 Sep 2016 13:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332282 The Tribunal allowed the appeal, emphasizing the appellant's genuine business activities and consistent financial reporting. The penalty under section 271(1)(c) related to the disallowed bad debts claim was deleted, highlighting the importance of bonafide claims and factual evidence in tax penalty cases. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332282