https://www.taxtmi.com/caselaws?id=192414 The High Court upheld the Income Tax Appellate Tribunal's decision to delete penalties under section 271(1)(c) of the Income Tax Act for disallowances of interest amounts. The court found no evidence of concealment or furnishing inaccurate particulars of income by the assessee, leading to the dismissal of the appeal challenging the penalties. Additionally, penalties for failure to produce relevant records and other issues were also dismissed by the High Court, affirming the Tribunal's decisions in each instance. en-us Wed, 10 Sep 2014 00:00:00 +0530 Wed, 31 May 2017 06:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192414 The High Court upheld the Income Tax Appellate Tribunal's decision to delete penalties under section 271(1)(c) of the Income Tax Act for disallowances of interest amounts. The court found no evidence of concealment or furnishing inaccurate particulars of income by the assessee, leading to the dismissal of the appeal challenging the penalties. Additionally, penalties for failure to produce relevant records and other issues were also dismissed by the High Court, affirming the Tribunal's decisions in each instance. Case-Laws Income Tax Wed, 10 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192414