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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...