https://www.taxtmi.com/caselaws?id=264734 The Tribunal affirmed the deletion of penalties under section 271(1)(c) for A.Y. 2006-07 and 2007-08 related to interest income taxability under the Principles of Mutuality. The assessee's genuine belief, supported by previous favorable decisions and legal interpretations at the time of filing returns, led to the dismissal of Revenue's appeals. en-us Wed, 12 Nov 2014 00:00:00 +0530 Thu, 01 Oct 2015 11:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264734 The Tribunal affirmed the deletion of penalties under section 271(1)(c) for A.Y. 2006-07 and 2007-08 related to interest income taxability under the Principles of Mutuality. The assessee's genuine belief, supported by previous favorable decisions and legal interpretations at the time of filing returns, led to the dismissal of Revenue's appeals. Case-Laws Income Tax Wed, 12 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264734