https://www.taxtmi.com/caselaws?id=248795 The appellate tribunal ruled in favor of the assessee regarding the addition of income from other sources, allowing the claim for exemption under section 54EA. However, the tribunal upheld the chargeability of interest under sections 234B & 234C and confirmed the penalty under section 271(1)(c) in line with the provisions of the Income Tax Act, 1961. en-us Wed, 04 Jun 2014 00:00:00 +0530 Wed, 25 Jun 2014 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248795 The appellate tribunal ruled in favor of the assessee regarding the addition of income from other sources, allowing the claim for exemption under section 54EA. However, the tribunal upheld the chargeability of interest under sections 234B & 234C and confirmed the penalty under section 271(1)(c) in line with the provisions of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 04 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248795