Concealment penalty deleted for excess salary appearing in Form 26AS on revision by employer. ITAT accepted assessee's explanation as bonafide…
Penalty u/s 271(1)(c) on disallowance of notional interest on debit balances in capital account of some of the partners deleted…
Penalty 271(1)(c) deleted as employee was misguided by employer cooperative bank that interest income was exempt ABCAUS Case Law Citation:ABCAUS…
Penalty notice u/s 271(1)(c) without specifying specific charge quashed. The decisions relied by Revenue rejected by the Tribunal ABCAUS…
Application of correct limb of penalty u/s 271(1)(c) is a question of fact and not a question of law. ITAT…
No Penalty u/s 271(1)(c) for mere disallowance in quantum proceedings in the absence of any falsity in the explanation offered…
Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period…
On statutory disallowances u/s 40(a)(ia) 40A(3) there cannot be any penalty u/s 271(1)(c) especially when assessee not claimed deduction of…
No concealment Penalty if assessee’s explanation not found false, but not accepted on account of substantiation with solid evidences ABCAUS…
No concealment penalty for bonafide error of chartered accountant in claiming wrong deduction u/s 80IC by choosing incorrect initial assessment…