The Tribunal held that the donations of were on account of small and petty donations and therefore, the assessee could not produce the receipts therefor. Penalty could not be levied merely because the receipts could not be located and furnished. The assessee had not committed any concealment to initiate penalty proceedings. (AY. 2011-12).
Gulshan Chemicals Ltd. v. ACIT (2022)97 ITR 59 (SN)(Delhi)(Trib)
S. 271(1)(c) : Penalty-Concealment-Interest-Donation-of small sums-Penalty not leviable merely because receipts could not be located. [S. 37(1), 80G]