https://www.taxtmi.com/caselaws?id=327434 The Tribunal allowed the appeal, setting aside the penalty under Section 271(1)(c) for furnishing inaccurate particulars of income by the assessee company. The Tribunal directed a fresh consideration by the AO, emphasizing the need for comprehensive evidence to support the legitimacy of the claim for interest expenditure related to a canceled development project. en-us Wed, 23 Mar 2016 00:00:00 +0530 Wed, 11 May 2016 10:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327434 The Tribunal allowed the appeal, setting aside the penalty under Section 271(1)(c) for furnishing inaccurate particulars of income by the assessee company. The Tribunal directed a fresh consideration by the AO, emphasizing the need for comprehensive evidence to support the legitimacy of the claim for interest expenditure related to a canceled development project. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327434