https://www.taxtmi.com/caselaws?id=345695 The delay in filing the appeal was condoned due to the assessee being prevented by reasonable cause. The denial of the HRA claim and addition of interest income were upheld, leading to penalty proceedings under section 271(1)(c). The Tribunal upheld the penalty for inaccurate income particulars but deleted it for non-disclosure of interest income, citing a bona-fide mistake. The importance of providing accurate information and supporting documentation in tax returns to avoid penalties and disputes with tax authorities was emphasized in this case. en-us Thu, 09 Mar 2017 00:00:00 +0530 Tue, 25 Jul 2017 07:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345695 The delay in filing the appeal was condoned due to the assessee being prevented by reasonable cause. The denial of the HRA claim and addition of interest income were upheld, leading to penalty proceedings under section 271(1)(c). The Tribunal upheld the penalty for inaccurate income particulars but deleted it for non-disclosure of interest income, citing a bona-fide mistake. The importance of providing accurate information and supporting documentation in tax returns to avoid penalties and disputes with tax authorities was emphasized in this case. Case-Laws Income Tax Thu, 09 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345695