https://www.taxtmi.com/caselaws?id=371208 The Tribunal ruled in favor of the appellant, holding that the interest income is exempt under Section 11 and the principle of mutuality applies, resulting in no taxable income. All additions by the AO and CIT(A) were deleted, including the penalty under Section 271(1)(c). The appellant's appeals were allowed, and stay applications were dismissed as unnecessary. en-us Wed, 28 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371208 The Tribunal ruled in favor of the appellant, holding that the interest income is exempt under Section 11 and the principle of mutuality applies, resulting in no taxable income. All additions by the AO and CIT(A) were deleted, including the penalty under Section 271(1)(c). The appellant's appeals were allowed, and stay applications were dismissed as unnecessary. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371208