https://www.taxtmi.com/caselaws?id=382017 The ITAT allowed the appeal regarding the disallowance of boat repairs and maintenance expenditure and the adhoc disallowance of wages paid to boat staff for statistical purposes, remitting the matters back to the CIT(A) for decisions on merits due to procedural violations. However, the penalty imposed under section 271B for failure to comply with audit requirements was upheld, as reasons provided were deemed insufficient to justify non-compliance. en-us Fri, 21 Jun 2019 00:00:00 +0530 Sun, 23 Jun 2019 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382017 The ITAT allowed the appeal regarding the disallowance of boat repairs and maintenance expenditure and the adhoc disallowance of wages paid to boat staff for statistical purposes, remitting the matters back to the CIT(A) for decisions on merits due to procedural violations. However, the penalty imposed under section 271B for failure to comply with audit requirements was upheld, as reasons provided were deemed insufficient to justify non-compliance. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382017