https://www.taxtmi.com/caselaws?id=397613 The ITAT Mumbai upheld the CIT(A)'s decision to delete penalties imposed by the AO under section 271(1)(c) for disallowance of promotion expenses for Assessment Years 2011-12 & 2012-13. The tribunal ruled that once the additions triggering penalties were deleted, there was no basis for upholding the penalties. Consequently, the appeals filed by the revenue were dismissed, and the penalties were not sustained. en-us Fri, 06 Mar 2020 00:00:00 +0530 Sat, 22 Aug 2020 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397613 The ITAT Mumbai upheld the CIT(A)'s decision to delete penalties imposed by the AO under section 271(1)(c) for disallowance of promotion expenses for Assessment Years 2011-12 & 2012-13. The tribunal ruled that once the additions triggering penalties were deleted, there was no basis for upholding the penalties. Consequently, the appeals filed by the revenue were dismissed, and the penalties were not sustained. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397613