https://www.taxtmi.com/caselaws?id=386807 The Tribunal allowed all the appeals of the assessee, canceling penalties under Section 271(1)(c) for A.Y. 1998-99 and A.Y. 2002-03 on technical grounds due to inadequate specification in the penalty notices. Additionally, the Tribunal directed the AO to allow deductions for lease rentals and disallowances under Section 14A read with Rule 8D for A.Y. 2010-11 and A.Y. 2011-12. The disallowance of advertisement expenses for A.Y. 2011-12 was also overturned, as the expenses were recovered and offered for taxation, avoiding double jeopardy. en-us Fri, 04 Oct 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386807 The Tribunal allowed all the appeals of the assessee, canceling penalties under Section 271(1)(c) for A.Y. 1998-99 and A.Y. 2002-03 on technical grounds due to inadequate specification in the penalty notices. Additionally, the Tribunal directed the AO to allow deductions for lease rentals and disallowances under Section 14A read with Rule 8D for A.Y. 2010-11 and A.Y. 2011-12. The disallowance of advertisement expenses for A.Y. 2011-12 was also overturned, as the expenses were recovered and offered for taxation, avoiding double jeopardy. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386807