https://www.taxtmi.com/caselaws?id=378065 The Tribunal granted relief to the Assessee regarding the disallowance of interest expense, allowing the claim on borrowed capital used for business purposes. Consequently, the issues of penalty under section 271(1)(c) and interest charges under sections 234-A, 234-B, 234-C & 234-D were not separately adjudicated. The Assessee's appeals for assessment years 2010-11 and 2011-12 were allowed by the Tribunal based on the relief granted in the primary appeal. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 08 Apr 2019 09:33:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378065 The Tribunal granted relief to the Assessee regarding the disallowance of interest expense, allowing the claim on borrowed capital used for business purposes. Consequently, the issues of penalty under section 271(1)(c) and interest charges under sections 234-A, 234-B, 234-C & 234-D were not separately adjudicated. The Assessee's appeals for assessment years 2010-11 and 2011-12 were allowed by the Tribunal based on the relief granted in the primary appeal. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378065