https://www.taxtmi.com/caselaws?id=383003 The Appellate Tribunal ITAT Ahmedabad allowed all three appeals of the assessee against penalties imposed under section 271(1)(c) of the Income Tax Act for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal found that the assessee's claim for deduction under section 80IA was made in anticipation of CBDT approval, with no deliberate attempt to conceal income. Consequently, the penalties were deemed unwarranted, and the appeals were allowed on 9th July 2019. en-us Tue, 09 Jul 2019 00:00:00 +0530 Sat, 13 Jul 2019 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383003 The Appellate Tribunal ITAT Ahmedabad allowed all three appeals of the assessee against penalties imposed under section 271(1)(c) of the Income Tax Act for the assessment years 2008-09, 2009-10, and 2010-11. The Tribunal found that the assessee's claim for deduction under section 80IA was made in anticipation of CBDT approval, with no deliberate attempt to conceal income. Consequently, the penalties were deemed unwarranted, and the appeals were allowed on 9th July 2019. Case-Laws Income Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383003