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2018 (3) TMI 1021 - AT - Income TaxPenalty u/s.271(1)(c) - bonafide claim of travelling expenditure - Held that:- As per record, we observe that all the facts were disclosed and the claim was made for deduction of travelling expenses. As per record the assessee has made a bonafide claim. The AO as well as CIT(A) have not challenged the genuineness / bonafides of the expenditure so incurred. The claim of the assessee is also supported by various decisions and documentary evidences placed on the record. Thus, penalty cannot be levied where a bonafide claim of the assessee was rejected by the tax department. No merit for the penalty so imposed u/s. 271(1)(c) on account of disallowance of part of travelling expenses. - Decided in favour of assessee.
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