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2019 (4) TMI 51 - AT - Income TaxPenalty u/s 271(1)(c) - disallowance of foreign travel expenses - HELD THAT:- As pointed out on behalf of the assessee, it is manifest that the penalty u/s 271(1)(c) cannot be imposed both on merits as well as on account of non-maintainability of the Revenue’s appeal. The relevant primary details of foreign travel expenses to support the foreign travel expenses are available on record. In the circumstances, notwithstanding, the disallowance confirmed by the Tribunal in the quantum proceedings, the penalty of strict nature is not sustainable in view of long line of judicial precedents including the decision of Reliance Petroproducts [2010 (3) TMI 80 - SUPREME COURT] Secondly, the appeal of the Revenue itself is not maintainable owing to low tax effect in terms of CBDT Circular No.3 of 2018 dated 11/07/2018. Therefore, the appeal of the Revenue is dismissed on both counts.
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