https://www.taxtmi.com/caselaws?id=283269 The Tribunal upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) in a case involving various disallowances. The penalties were deleted for disallowance of expenditure incurred at a Business Centre, depreciation on premises, prior period expenses, disallowance under section 14A, and bad debts. The Tribunal emphasized the debatable nature of the issues, full disclosure by the assessee, and the absence of concealment or inaccurate particulars, leading to the dismissal of the Revenue's appeal. en-us Wed, 20 Jul 2011 00:00:00 +0530 Tue, 17 Sep 2019 10:48:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283269 The Tribunal upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) in a case involving various disallowances. The penalties were deleted for disallowance of expenditure incurred at a Business Centre, depreciation on premises, prior period expenses, disallowance under section 14A, and bad debts. The Tribunal emphasized the debatable nature of the issues, full disclosure by the assessee, and the absence of concealment or inaccurate particulars, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 20 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283269