https://www.taxtmi.com/caselaws?id=282181 The appeals of the assessee were allowed in part. The Tribunal directed the CIT(A) to reconsider the legal issues related to the assessment order under s. 143(3) and the penalty under s. 271(1)(c). Additionally, the disallowance of expenses was modified, with the AO instructed to restrict the disallowance to 1/10th of the expenditure. The penalty order was restored for reconsideration in light of the quantum appeal being restored. en-us Mon, 28 Feb 2011 00:00:00 +0530 Fri, 13 Dec 2019 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282181 The appeals of the assessee were allowed in part. The Tribunal directed the CIT(A) to reconsider the legal issues related to the assessment order under s. 143(3) and the penalty under s. 271(1)(c). Additionally, the disallowance of expenses was modified, with the AO instructed to restrict the disallowance to 1/10th of the expenditure. The penalty order was restored for reconsideration in light of the quantum appeal being restored. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282181