https://www.taxtmi.com/caselaws?id=267195 The Tribunal partially allowed the quantum appeals by directing adjustments in the computation of income under section 44AF and allowing the assessee to provide evidence for interest deduction. Additionally, the penalty appeals were allowed as the Tribunal ruled in favor of the assessee due to the voluntary filing of tax returns and the absence of concealment or inaccurate particulars in the income reporting. The penalties imposed by the Assessing Officer and confirmed by the Commissioner were directed to be deleted. en-us Fri, 28 Aug 2015 00:00:00 +0530 Mon, 02 Nov 2015 07:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267195 The Tribunal partially allowed the quantum appeals by directing adjustments in the computation of income under section 44AF and allowing the assessee to provide evidence for interest deduction. Additionally, the penalty appeals were allowed as the Tribunal ruled in favor of the assessee due to the voluntary filing of tax returns and the absence of concealment or inaccurate particulars in the income reporting. The penalties imposed by the Assessing Officer and confirmed by the Commissioner were directed to be deleted. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267195