https://www.taxtmi.com/caselaws?id=361336 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. It upheld the deletion of penalties related to the disallowance of interest under section 57(iii) and the deemed dividend addition, and it reversed the penalty on the interest addition of Rs. 2,72,391. The Tribunal emphasized that the assessee had not concealed income and that the issues were either debatable or based on reasonableness rather than factual concealment. en-us Thu, 31 May 2018 00:00:00 +0530 Tue, 05 Jun 2018 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361336 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's cross-objection. It upheld the deletion of penalties related to the disallowance of interest under section 57(iii) and the deemed dividend addition, and it reversed the penalty on the interest addition of Rs. 2,72,391. The Tribunal emphasized that the assessee had not concealed income and that the issues were either debatable or based on reasonableness rather than factual concealment. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361336