https://www.taxtmi.com/caselaws?id=275780 The Appellate Tribunal ITAT DELHI allowed the appeal against the penalty imposed under section 271(1)(c) of the Income-tax Act for the assessment year 2009-10. The penalty was canceled as the Tribunal found that the disallowance of commission claimed by the assessee did not warrant the imposition of penalty, considering compliance with TDS deductions and summons. The decision was based on the principle established in CIT Vs. Reliance Petroproducts Pvt.Ltd., emphasizing that the mere disallowance of a deduction claim does not automatically lead to a penalty under the Act. en-us Fri, 05 Aug 2016 00:00:00 +0530 Wed, 17 Oct 2018 07:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275780 The Appellate Tribunal ITAT DELHI allowed the appeal against the penalty imposed under section 271(1)(c) of the Income-tax Act for the assessment year 2009-10. The penalty was canceled as the Tribunal found that the disallowance of commission claimed by the assessee did not warrant the imposition of penalty, considering compliance with TDS deductions and summons. The decision was based on the principle established in CIT Vs. Reliance Petroproducts Pvt.Ltd., emphasizing that the mere disallowance of a deduction claim does not automatically lead to a penalty under the Act. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275780