https://www.taxtmi.com/caselaws?id=402569 The Tribunal allowed both appeals of the assessee, overturning the disallowance of job-work/labour work expenses and the imposition of penalty under s.271(1)(c) for AY 2011-12. The Tribunal found merit in the evidence provided by the assessee, including invoices, TDS deductions, and banking transactions, establishing the genuineness of the expenses. This led to the deletion of the additions made by the Revenue Authorities, resulting in the dismissal of the penalty imposed. en-us Mon, 04 Jan 2021 00:00:00 +0530 Wed, 06 Jan 2021 14:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402569 The Tribunal allowed both appeals of the assessee, overturning the disallowance of job-work/labour work expenses and the imposition of penalty under s.271(1)(c) for AY 2011-12. The Tribunal found merit in the evidence provided by the assessee, including invoices, TDS deductions, and banking transactions, establishing the genuineness of the expenses. This led to the deletion of the additions made by the Revenue Authorities, resulting in the dismissal of the penalty imposed. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402569