https://www.taxtmi.com/caselaws?id=348827 The tribunal upheld the disallowance of 10% of Venue Management, 5% of Venue, 5% of Stage Decoration, and 10% of Miscellaneous Event expenses due to incomplete details submitted by the assessee, preventing proper verification. The tribunal directed the AO to re-assess the disallowances after verification. The initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. The appeal was allowed for statistical purposes, and the matter was remanded to the AO for fresh adjudication. en-us Mon, 25 Sep 2017 00:00:00 +0530 Fri, 29 Sep 2017 11:58:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348827 The tribunal upheld the disallowance of 10% of Venue Management, 5% of Venue, 5% of Stage Decoration, and 10% of Miscellaneous Event expenses due to incomplete details submitted by the assessee, preventing proper verification. The tribunal directed the AO to re-assess the disallowances after verification. The initiation of penalty proceedings under section 271(1)(c) was dismissed as premature. The appeal was allowed for statistical purposes, and the matter was remanded to the AO for fresh adjudication. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348827