https://www.taxtmi.com/caselaws?id=343909 The ITAT allowed the assessee's appeals and dismissed the Revenue's appeals regarding the disallowance of loss, penalty under section 271B, and disallowance of interest on government loans for various assessment years. The judgments emphasized the significance of audited reports, recognizing reasonable causes for delays, and specific provisions governing interest disallowances. en-us Fri, 02 Jun 2017 00:00:00 +0530 Mon, 05 Jun 2017 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343909 The ITAT allowed the assessee's appeals and dismissed the Revenue's appeals regarding the disallowance of loss, penalty under section 271B, and disallowance of interest on government loans for various assessment years. The judgments emphasized the significance of audited reports, recognizing reasonable causes for delays, and specific provisions governing interest disallowances. Case-Laws Income Tax Fri, 02 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343909