https://www.taxtmi.com/caselaws?id=387291 The appeal by Revenue was dismissed by the ITAT. The penalty under Section 271(1)(c) was deleted as the quantum addition, the basis for the penalty, had been previously deleted by ITAT and upheld by the Delhi High Court. The ITAT also ruled in favor of the assessee on the disallowance under Section 14A and Section 40(a)(ia), citing relevant legal precedents. Consequently, the appeal of the Revenue was dismissed entirely. en-us Fri, 18 Oct 2019 00:00:00 +0530 Mon, 21 Oct 2019 08:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387291 The appeal by Revenue was dismissed by the ITAT. The penalty under Section 271(1)(c) was deleted as the quantum addition, the basis for the penalty, had been previously deleted by ITAT and upheld by the Delhi High Court. The ITAT also ruled in favor of the assessee on the disallowance under Section 14A and Section 40(a)(ia), citing relevant legal precedents. Consequently, the appeal of the Revenue was dismissed entirely. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387291