https://www.taxtmi.com/caselaws?id=356341 The Tribunal dismissed the revenue's appeal in ITA No. 2304/Kol/2016 and partly allowed the appeal in ITA No. 2305/Kol/2016. It confirmed eligibility for deduction under section 80IB, allowed netting off interest income against interest expenses, upheld the penalty under section 271AAB for undisclosed stock, and deleted the penalty related to the disallowance of deduction under section 80IB. en-us Fri, 23 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356341 The Tribunal dismissed the revenue's appeal in ITA No. 2304/Kol/2016 and partly allowed the appeal in ITA No. 2305/Kol/2016. It confirmed eligibility for deduction under section 80IB, allowed netting off interest income against interest expenses, upheld the penalty under section 271AAB for undisclosed stock, and deleted the penalty related to the disallowance of deduction under section 80IB. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356341