https://www.taxtmi.com/caselaws?id=196392 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) for the assessment year 2005-06. The penalty was deemed inappropriate due to the debatable nature of interest allowance timing, conflicting tribunal decisions, and lack of willful concealment. The Tribunal concluded that the penalty was not justified in this case. en-us Fri, 18 Mar 2011 00:00:00 +0530 Wed, 29 Nov 2017 16:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196392 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) for the assessment year 2005-06. The penalty was deemed inappropriate due to the debatable nature of interest allowance timing, conflicting tribunal decisions, and lack of willful concealment. The Tribunal concluded that the penalty was not justified in this case. Case-Laws Income Tax Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196392