https://www.taxtmi.com/caselaws?id=404839 The Appellate Tribunal ITAT Delhi allowed the appeal of the assessee against the penalty imposed under section 271(1)(c) for concealment of income. The Tribunal upheld the appellant's claim for the allowance of expenses under section 57(iii) of the Income Tax Act, emphasizing the legitimate nature of the expenses incurred. The judgment did not extensively address the legality of the order passed under section 250(6) of the Act, focusing primarily on the penalty and expenditure issues. en-us Tue, 02 Mar 2021 00:00:00 +0530 Fri, 05 Mar 2021 09:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404839 The Appellate Tribunal ITAT Delhi allowed the appeal of the assessee against the penalty imposed under section 271(1)(c) for concealment of income. The Tribunal upheld the appellant's claim for the allowance of expenses under section 57(iii) of the Income Tax Act, emphasizing the legitimate nature of the expenses incurred. The judgment did not extensively address the legality of the order passed under section 250(6) of the Act, focusing primarily on the penalty and expenditure issues. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404839