https://www.taxtmi.com/caselaws?id=249477 The tribunal partially allowed the assessee's appeal on the disallowance of interest and motorcar expenses, remanding the interest issue back to the Assessing Officer for further examination. The tribunal also clarified the distinction between penalty and quantum proceedings, emphasizing the need to challenge penalty proceedings separately. en-us Wed, 25 Jun 2014 00:00:00 +0530 Tue, 15 Jul 2014 06:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249477 The tribunal partially allowed the assessee's appeal on the disallowance of interest and motorcar expenses, remanding the interest issue back to the Assessing Officer for further examination. The tribunal also clarified the distinction between penalty and quantum proceedings, emphasizing the need to challenge penalty proceedings separately. Case-Laws Income Tax Wed, 25 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249477