https://www.taxtmi.com/caselaws?id=334367 The appeals filed by the assessee were allowed. The Tribunal directed the deletion of additions related to interest earned on NRE accounts and the treatment of income from PMS as capital gains. The initiation of penalty proceedings was dismissed as premature. en-us Fri, 16 Sep 2016 00:00:00 +0530 Tue, 07 Feb 2017 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334367 The appeals filed by the assessee were allowed. The Tribunal directed the deletion of additions related to interest earned on NRE accounts and the treatment of income from PMS as capital gains. The initiation of penalty proceedings was dismissed as premature. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334367