https://www.taxtmi.com/caselaws?id=295427 The appeal against sustaining penalties under sections 271(1)(c) of the Income Tax Act for adhoc disallowance of expenses and disallowance of claim under section 80HHE was successful. The Tribunal found that the disallowances were not due to bogus claims but lack of complete details. The penalties were deemed unjustified as the assessee had a bona fide belief and disclosed primary facts. The Tribunal allowed the appeal based on the Supreme Court's decision and Tribunal precedent, canceling the penalties. en-us Fri, 08 Oct 2010 00:00:00 +0530 Thu, 03 Jun 2021 15:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295427 The appeal against sustaining penalties under sections 271(1)(c) of the Income Tax Act for adhoc disallowance of expenses and disallowance of claim under section 80HHE was successful. The Tribunal found that the disallowances were not due to bogus claims but lack of complete details. The penalties were deemed unjustified as the assessee had a bona fide belief and disclosed primary facts. The Tribunal allowed the appeal based on the Supreme Court's decision and Tribunal precedent, canceling the penalties. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295427