https://www.taxtmi.com/caselaws?id=191144 The tribunal allowed the assessee's appeals for the assessment years 2000-01 to 2005-06, finding no basis to treat FDRs as unexplained investments and deleting accrued interest additions. The tribunal partially allowed the quantum appeal for the assessment year 2006-07, remitting certain issues back to the AO for re-examination. The tribunal dismissed the Revenue's appeal to reinstate the penalty, emphasizing that penalty imposition requires more than mere additions and deletions, especially when the assessee provided explanations and evidence. en-us Mon, 22 Aug 2016 00:00:00 +0530 Wed, 25 Dec 2019 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191144 The tribunal allowed the assessee's appeals for the assessment years 2000-01 to 2005-06, finding no basis to treat FDRs as unexplained investments and deleting accrued interest additions. The tribunal partially allowed the quantum appeal for the assessment year 2006-07, remitting certain issues back to the AO for re-examination. The tribunal dismissed the Revenue's appeal to reinstate the penalty, emphasizing that penalty imposition requires more than mere additions and deletions, especially when the assessee provided explanations and evidence. Case-Laws Benami Property Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191144