https://www.taxtmi.com/caselaws?id=366174 The Revenue's appeals were dismissed due to low tax effect as per CBDT Circular No. 3 of 2018. The assessee's quantum appeal was partly allowed, confirming the disallowance of Rs. 84,577 for interest expenses. The penalty appeal of the assessee was allowed, deleting the penalty of Rs. 26,81,000 imposed under section 271(1)(c). en-us Tue, 28 Aug 2018 00:00:00 +0530 Thu, 30 Aug 2018 08:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366174 The Revenue's appeals were dismissed due to low tax effect as per CBDT Circular No. 3 of 2018. The assessee's quantum appeal was partly allowed, confirming the disallowance of Rs. 84,577 for interest expenses. The penalty appeal of the assessee was allowed, deleting the penalty of Rs. 26,81,000 imposed under section 271(1)(c). Case-Laws Income Tax Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366174