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![Disallowance of Expenditure is not Concealment of Income: ITAT deletes Penalty [Read Order] Disallowance of Expenditure is not Concealment of Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg)
Disallowance of Expenditure is not Concealment of Income: ITAT deletes Penalty [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that mere disallowance of expenditure claimed in the return would not amount to...


![Vagueness and Ambiguity in recording of Satisfaction would nullify Penalty Proceedings: ITAT [Read Order] Vagueness and Ambiguity in recording of Satisfaction would nullify Penalty Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg)
![A ‘Month’ for imposing Penalty for TDS Default means 30 Days, not a British Calendar Month: ITAT [Read Order] A ‘Month’ for imposing Penalty for TDS Default means 30 Days, not a British Calendar Month: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/05/Tax-Time-Tax-Scan.jpg)
