https://www.taxtmi.com/caselaws?id=367437 The Tribunal overturned the penalty imposed under section 271(1)(c) for disallowance of charges and deduction u/s 80HHC, finding no concealment or inaccurate particulars furnished by the assessee. The judgment of the Hon'ble Delhi High Court was referenced to emphasize that the tax paid under section 115JB was based on the income assessed, making the penalty unjustified. The appeal of the assessee was allowed, and the penalty was deemed unwarranted. en-us Tue, 18 Sep 2018 00:00:00 +0530 Thu, 20 Sep 2018 08:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367437 The Tribunal overturned the penalty imposed under section 271(1)(c) for disallowance of charges and deduction u/s 80HHC, finding no concealment or inaccurate particulars furnished by the assessee. The judgment of the Hon'ble Delhi High Court was referenced to emphasize that the tax paid under section 115JB was based on the income assessed, making the penalty unjustified. The appeal of the assessee was allowed, and the penalty was deemed unwarranted. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367437