https://www.taxtmi.com/caselaws?id=341219 The High Court dismissed the appeals regarding the deletion of penalty on interest income on bank deposits/staff loans, citing the amounts were insignificant and the assessee provided full details. The High Court disposed of other issues, allowing the Revenue to start penalty proceedings anew based on the pending appeals' outcome before the Hon'ble High Court of Mumbai, as per Section 275(1)(A) of the Income Tax Act. en-us Tue, 21 Mar 2017 00:00:00 +0530 Tue, 04 Apr 2017 10:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341219 The High Court dismissed the appeals regarding the deletion of penalty on interest income on bank deposits/staff loans, citing the amounts were insignificant and the assessee provided full details. The High Court disposed of other issues, allowing the Revenue to start penalty proceedings anew based on the pending appeals' outcome before the Hon'ble High Court of Mumbai, as per Section 275(1)(A) of the Income Tax Act. Case-Laws Income Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341219