https://www.taxtmi.com/caselaws?id=428236 The ITAT allowed the assessee's appeal and dismissed the Revenue's appeal. The penalties related to the disallowance under section 14A, exclusion of income under the DTAA Agreement, and denial of deduction under section 80IA(4) were deleted as the quantum additions were also deleted. The ITAT upheld the Ld. CIT(A)'s decision to delete the penalty related to the disallowance under section 14A since the Revenue did not appeal against it. en-us Wed, 21 Sep 2022 00:00:00 +0530 Mon, 26 Sep 2022 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428236 The ITAT allowed the assessee's appeal and dismissed the Revenue's appeal. The penalties related to the disallowance under section 14A, exclusion of income under the DTAA Agreement, and denial of deduction under section 80IA(4) were deleted as the quantum additions were also deleted. The ITAT upheld the Ld. CIT(A)'s decision to delete the penalty related to the disallowance under section 14A since the Revenue did not appeal against it. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428236