https://www.taxtmi.com/caselaws?id=422597 The Tribunal allowed the appeal filed by the Assessee, setting aside the penalty order imposed for disallowed business promotion expenses. The Tribunal found the penalty notices issued by the Assessing Officer to be vague and lacking specificity, rendering them invalid for imposing a penalty. Additionally, the Tribunal determined that the disallowed expenses did not demonstrate deliberate defiance of law or dishonest conduct, leading to the conclusion that the penalty was not sustainable. Consequently, the Tribunal ordered the cancellation of the penalty, overturning the decisions of the lower authorities. en-us Tue, 17 May 2022 00:00:00 +0530 Thu, 19 May 2022 08:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422597 The Tribunal allowed the appeal filed by the Assessee, setting aside the penalty order imposed for disallowed business promotion expenses. The Tribunal found the penalty notices issued by the Assessing Officer to be vague and lacking specificity, rendering them invalid for imposing a penalty. Additionally, the Tribunal determined that the disallowed expenses did not demonstrate deliberate defiance of law or dishonest conduct, leading to the conclusion that the penalty was not sustainable. Consequently, the Tribunal ordered the cancellation of the penalty, overturning the decisions of the lower authorities. Case-Laws Income Tax Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422597