https://www.taxtmi.com/caselaws?id=288736 The assessee's appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various issues including the addition of deemed dividend, disallowance under section 14A, and unexplained cash credit. The Tribunal found that penalty under section 271(1)(c) was not justified due to deletions and estimation basis of remaining disallowances. The revenue's appeal for penalty was dismissed, and detailed reasons were provided for each decision, ensuring legal principles and factual findings were adequately addressed. en-us Fri, 30 Nov 2012 00:00:00 +0530 Thu, 25 Jun 2020 17:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288736 The assessee's appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various issues including the addition of deemed dividend, disallowance under section 14A, and unexplained cash credit. The Tribunal found that penalty under section 271(1)(c) was not justified due to deletions and estimation basis of remaining disallowances. The revenue's appeal for penalty was dismissed, and detailed reasons were provided for each decision, ensuring legal principles and factual findings were adequately addressed. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288736