https://www.taxtmi.com/caselaws?id=384742 The Tribunal upheld the deletion of penalties in various instances, including the deletion of a penalty under section 271(1)(c) for the assessment year 2005-06, transfer pricing addition, disallowance of expenses for share capital increase, disallowance of miscellaneous expenses, and addition towards expenses on premises. The Tribunal emphasized the importance of good faith, due diligence, and lack of concealment or inaccurate particulars in penalty imposition, leading to the dismissal of the appeal. en-us Tue, 20 Aug 2019 00:00:00 +0530 Wed, 21 Aug 2019 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384742 The Tribunal upheld the deletion of penalties in various instances, including the deletion of a penalty under section 271(1)(c) for the assessment year 2005-06, transfer pricing addition, disallowance of expenses for share capital increase, disallowance of miscellaneous expenses, and addition towards expenses on premises. The Tribunal emphasized the importance of good faith, due diligence, and lack of concealment or inaccurate particulars in penalty imposition, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384742