https://www.taxtmi.com/caselaws?id=351316 The Tribunal upheld the penalty on the additional income of Rs. 25,00,000 under Explanation 5A to section 271(1)(c) but deleted the penalty on the estimated interest income of Rs. 1,79,178. The appeal was partly allowed, providing partial relief to the assessee. en-us Wed, 24 May 2017 00:00:00 +0530 Thu, 23 Nov 2017 13:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351316 The Tribunal upheld the penalty on the additional income of Rs. 25,00,000 under Explanation 5A to section 271(1)(c) but deleted the penalty on the estimated interest income of Rs. 1,79,178. The appeal was partly allowed, providing partial relief to the assessee. Case-Laws Income Tax Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351316