https://www.taxtmi.com/highlights?id=47534 Penalty u/s 271(1)(c) - disallowance of interest u/s 43B - assessee has made sufficient disclosures in the financial statements and furthermore it should not be penalized on account of the mistake committed by the CA - there was no immediate tax benefit to the assessee by not disallowing the interest expenses since there was loss - no penalty en-us Fri, 28 Jun 2019 07:09:01 +0530 Fri, 28 Jun 2019 07:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47534 Penalty u/s 271(1)(c) - disallowance of interest u/s 43B - assessee has made sufficient disclosures in the financial statements and furthermore it should not be penalized on account of the mistake committed by the CA - there was no immediate tax benefit to the assessee by not disallowing the interest expenses since there was loss - no penalty Highlights Income Tax Fri, 28 Jun 2019 07:09:01 +0530 https://www.taxtmi.com/highlights?id=47534