https://www.taxtmi.com/caselaws?id=329225 The Tribunal partly allowed the appeal, deleting the penalty for the excess deduction claimed under section 80-IB and the allocation of head-office expenses. However, the penalty on the disallowance of interest paid on a loan treated as unexplained cash credit was upheld. The decision was rendered on 2nd June 2016. en-us Thu, 02 Jun 2016 00:00:00 +0530 Sat, 25 Jun 2016 11:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329225 The Tribunal partly allowed the appeal, deleting the penalty for the excess deduction claimed under section 80-IB and the allocation of head-office expenses. However, the penalty on the disallowance of interest paid on a loan treated as unexplained cash credit was upheld. The decision was rendered on 2nd June 2016. Case-Laws Income Tax Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329225