https://www.taxtmi.com/caselaws?id=219191 The quantum appeal was partly allowed, with the Tribunal upholding the CIT(A)'s decision regarding the deduction claimed for premium payable on deep discount bonds. The penalty appeal was dismissed, as the Tribunal found no justification for the penalty under Section 271(1)(c) of the Income Tax Act. The cross objections raised by the assessee regarding various disallowances and interest levy under Section 234B were also dismissed by the Tribunal. en-us Tue, 31 Jan 2012 00:00:00 +0530 Fri, 07 Dec 2012 21:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219191 The quantum appeal was partly allowed, with the Tribunal upholding the CIT(A)'s decision regarding the deduction claimed for premium payable on deep discount bonds. The penalty appeal was dismissed, as the Tribunal found no justification for the penalty under Section 271(1)(c) of the Income Tax Act. The cross objections raised by the assessee regarding various disallowances and interest levy under Section 234B were also dismissed by the Tribunal. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219191