https://www.taxtmi.com/caselaws?id=193946 The Tribunal ruled in favor of the appellant, M/s. Perfect Homfin Pvt. Ltd., by deleting the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal found that the Assessing Officer's findings regarding the inadmissible expenses were unsustainable, as they did not dispute the particulars of income or the commission payment amount. Therefore, the penalty imposition was deemed unjustified, leading to the deletion of the penalty amount in the final judgment on August 8, 2017. en-us Fri, 08 Aug 2014 00:00:00 +0530 Thu, 24 Aug 2017 07:45:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193946 The Tribunal ruled in favor of the appellant, M/s. Perfect Homfin Pvt. Ltd., by deleting the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal found that the Assessing Officer's findings regarding the inadmissible expenses were unsustainable, as they did not dispute the particulars of income or the commission payment amount. Therefore, the penalty imposition was deemed unjustified, leading to the deletion of the penalty amount in the final judgment on August 8, 2017. Case-Laws Income Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193946