https://www.taxtmi.com/caselaws?id=374898 The Appellate Tribunal ITAT Delhi allowed the assessee's appeal, deleting the penalty imposed under section 271(1)(c) due to the lack of conclusive evidence supporting the ad hoc disallowances made by the Assessing Officer. The Tribunal emphasized the importance of concrete evidence and specific grounds for penalty initiation under the Income Tax Act, 1961. en-us Fri, 08 Feb 2019 00:00:00 +0530 Mon, 11 Feb 2019 20:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374898 The Appellate Tribunal ITAT Delhi allowed the assessee's appeal, deleting the penalty imposed under section 271(1)(c) due to the lack of conclusive evidence supporting the ad hoc disallowances made by the Assessing Officer. The Tribunal emphasized the importance of concrete evidence and specific grounds for penalty initiation under the Income Tax Act, 1961. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374898