https://www.taxtmi.com/caselaws?id=203452 The Tribunal allowed the assessee's appeal, canceling the penalty imposed for the disallowance of management service fees, and remanded the Revenue's appeal concerning the addition on account of interest income to the CIT(A) for fresh adjudication. The Tribunal emphasized the importance of bona fide claims and substantial evidence in penalty proceedings under Section 271(1)(c). en-us Tue, 09 Feb 2010 00:00:00 +0530 Fri, 27 May 2011 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203452 The Tribunal allowed the assessee's appeal, canceling the penalty imposed for the disallowance of management service fees, and remanded the Revenue's appeal concerning the addition on account of interest income to the CIT(A) for fresh adjudication. The Tribunal emphasized the importance of bona fide claims and substantial evidence in penalty proceedings under Section 271(1)(c). Case-Laws Income Tax Tue, 09 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203452