https://www.taxtmi.com/caselaws?id=203789 The appeal regarding additions towards interest on a deposit made by the assessee with M/s. United Tractors for the assessment year 1992-93 was dismissed as the assessee failed to prove non-receipt of interest during the relevant year. In the appeal against the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 1994-95, the court held that no penalty could be levied as the assessee had furnished accurate details in the return and claimed no income on the deposit. The appeal against the penalty succeeded. en-us Tue, 01 Feb 2011 00:00:00 +0530 Thu, 31 Mar 2011 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203789 The appeal regarding additions towards interest on a deposit made by the assessee with M/s. United Tractors for the assessment year 1992-93 was dismissed as the assessee failed to prove non-receipt of interest during the relevant year. In the appeal against the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 1994-95, the court held that no penalty could be levied as the assessee had furnished accurate details in the return and claimed no income on the deposit. The appeal against the penalty succeeded. Case-Laws Income Tax Tue, 01 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203789