https://www.taxtmi.com/caselaws?id=381162 The Tribunal set aside the CIT(A)'s order confirming the penalty under Section 271(1)(c) for non-deduction of tax under section 40(a)(ia) and undisclosed sales. The Tribunal found the penalty unjustified as the disallowed claims were procedural errors, not indicative of concealment of income. The explanations provided by the assessee, supported by records, were deemed sufficient to negate the imposition of penalties. Therefore, the appeal of the assessee was allowed, and the penalties were not upheld. en-us Fri, 31 May 2019 00:00:00 +0530 Tue, 04 Jun 2019 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381162 The Tribunal set aside the CIT(A)'s order confirming the penalty under Section 271(1)(c) for non-deduction of tax under section 40(a)(ia) and undisclosed sales. The Tribunal found the penalty unjustified as the disallowed claims were procedural errors, not indicative of concealment of income. The explanations provided by the assessee, supported by records, were deemed sufficient to negate the imposition of penalties. Therefore, the appeal of the assessee was allowed, and the penalties were not upheld. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381162