https://www.taxtmi.com/caselaws?id=383287 The Tribunal ruled in favor of the taxpayer on various issues, leading to the deletion of penalties. The Tribunal disagreed with the disallowance of certain expenses and provisions, citing relevant legal provisions and court precedents. Consequently, penalties were deleted in line with the deletion of the quantum additions. The case outcome resulted in the remittance of several issues back to the Assessing Officer for further verification and adjudication, with the appeal of the Revenue being partly allowed for statistical purposes. en-us Wed, 17 Jul 2019 00:00:00 +0530 Fri, 19 Jul 2019 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383287 The Tribunal ruled in favor of the taxpayer on various issues, leading to the deletion of penalties. The Tribunal disagreed with the disallowance of certain expenses and provisions, citing relevant legal provisions and court precedents. Consequently, penalties were deleted in line with the deletion of the quantum additions. The case outcome resulted in the remittance of several issues back to the Assessing Officer for further verification and adjudication, with the appeal of the Revenue being partly allowed for statistical purposes. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383287