https://www.taxtmi.com/caselaws?id=59451 The ITAT Bombay-F canceled the penalty imposed under section 271(1)(c) of the Income Tax Act on a tour operator company for claiming a deduction under section 80HHD. The company withdrew the deduction claim before the assessment was finalized, disclosing all facts. The tribunal found no concealment or furnishing of inaccurate particulars, leading to the penalty being overturned and the appeal allowed. en-us Fri, 30 May 2008 00:00:00 +0530 Wed, 29 Dec 2010 17:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59451 The ITAT Bombay-F canceled the penalty imposed under section 271(1)(c) of the Income Tax Act on a tour operator company for claiming a deduction under section 80HHD. The company withdrew the deduction claim before the assessment was finalized, disclosing all facts. The tribunal found no concealment or furnishing of inaccurate particulars, leading to the penalty being overturned and the appeal allowed. Case-Laws Income Tax Fri, 30 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59451