https://www.taxtmi.com/caselaws?id=346309 The Tribunal partly allowed both appeals filed by the assessee. The deduction claimed under Section 80-IA was disallowed as the assessee was engaged in the wholesale procurement and sale of bandwidth, not in providing internet services as required. Further verification was directed for the addition of Rs. 1.31 crores due to income discrepancy. The appeal on the penalty issue, dismissed initially due to a filing delay, was directed to be decided on merits by the First Appellate Authority considering the procedural lapse. en-us Wed, 12 Jul 2017 00:00:00 +0530 Sat, 12 Aug 2017 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346309 The Tribunal partly allowed both appeals filed by the assessee. The deduction claimed under Section 80-IA was disallowed as the assessee was engaged in the wholesale procurement and sale of bandwidth, not in providing internet services as required. Further verification was directed for the addition of Rs. 1.31 crores due to income discrepancy. The appeal on the penalty issue, dismissed initially due to a filing delay, was directed to be decided on merits by the First Appellate Authority considering the procedural lapse. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346309