https://www.taxtmi.com/caselaws?id=350494 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c) of the I.T. Act, 1961. The penalty was initially imposed by the AO but was deleted by the CIT(A). The ITAT agreed that there was no material evidence to support the penalty for the disallowance of repair and maintenance expenses or the ad hoc disallowance of expenses on behalf of foreign ship owners. The appeal by the Revenue was dismissed, confirming the deletion of the penalty. en-us Thu, 12 Oct 2017 00:00:00 +0530 Tue, 07 Nov 2017 06:47:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350494 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed under Section 271(1)(c) of the I.T. Act, 1961. The penalty was initially imposed by the AO but was deleted by the CIT(A). The ITAT agreed that there was no material evidence to support the penalty for the disallowance of repair and maintenance expenses or the ad hoc disallowance of expenses on behalf of foreign ship owners. The appeal by the Revenue was dismissed, confirming the deletion of the penalty. Case-Laws Income Tax Thu, 12 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350494