https://www.taxtmi.com/caselaws?id=277076 The penalty under section 271(1)(c) for disallowance of deferred revenue expenditure claimed as revenue expenditure was deleted by the CIT(A) and upheld by the Tribunal. The Tribunal emphasized the bona fide belief of the assessee and the debatable nature of the expenditure's classification, ultimately dismissing the Department's appeal. en-us Fri, 28 Jun 2013 00:00:00 +0530 Fri, 23 Nov 2018 17:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277076 The penalty under section 271(1)(c) for disallowance of deferred revenue expenditure claimed as revenue expenditure was deleted by the CIT(A) and upheld by the Tribunal. The Tribunal emphasized the bona fide belief of the assessee and the debatable nature of the expenditure's classification, ultimately dismissing the Department's appeal. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277076