https://www.taxtmi.com/caselaws?id=351266 The Tribunal upheld the CIT(A)'s decision to delete penalties in a tax case involving disallowances of expenses. The disallowances were based on differences of opinion, bona fide mistakes, and commercial expediency, not indicating concealment or furnishing inaccurate particulars of income. The Tribunal dismissed the Revenue's appeal, emphasizing the lack of evidence for penalties. en-us Tue, 07 Nov 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351266 The Tribunal upheld the CIT(A)'s decision to delete penalties in a tax case involving disallowances of expenses. The disallowances were based on differences of opinion, bona fide mistakes, and commercial expediency, not indicating concealment or furnishing inaccurate particulars of income. The Tribunal dismissed the Revenue's appeal, emphasizing the lack of evidence for penalties. Case-Laws Income Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351266