https://www.taxtmi.com/caselaws?id=366732 The Tribunal allowed the appeal, canceling the penalty imposed on the assessee under section 271(1)(c) of the I.T. Act. The Tribunal found that the disallowed expenses related to Business Promotion were part of regular business practices, incurred for legitimate purposes without any evidence of wrongdoing or violation of law. Therefore, it was concluded that the penalty was not justified, and the orders of the lower authorities were set aside. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 10 Sep 2018 08:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366732 The Tribunal allowed the appeal, canceling the penalty imposed on the assessee under section 271(1)(c) of the I.T. Act. The Tribunal found that the disallowed expenses related to Business Promotion were part of regular business practices, incurred for legitimate purposes without any evidence of wrongdoing or violation of law. Therefore, it was concluded that the penalty was not justified, and the orders of the lower authorities were set aside. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366732