https://www.taxtmi.com/caselaws?id=439948 The appeal was allowed for statistical purposes as the Tribunal held that the penalty paid for breach of contract was deductible under Section 37 of the Income Tax Act. The Commissioner of Income Tax (Appeals) was directed to adjudicate the issue on its merits, emphasizing the need for a proper consideration of grounds even in ex-parte orders. en-us Fri, 21 Apr 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439948 The appeal was allowed for statistical purposes as the Tribunal held that the penalty paid for breach of contract was deductible under Section 37 of the Income Tax Act. The Commissioner of Income Tax (Appeals) was directed to adjudicate the issue on its merits, emphasizing the need for a proper consideration of grounds even in ex-parte orders. Case-Laws Income Tax Fri, 21 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439948