https://www.taxtmi.com/caselaws?id=283296 The Tribunal dismissed the appeal, upholding the CIT(A)'s decision to cancel the penalty under section 271(1)(c) for both issues related to interest disallowance and deferred tax reduction. The Tribunal emphasized the lack of concealment or furnishing of inaccurate particulars and the retrospective nature of the relevant amendment affecting the assessee's knowledge. en-us Fri, 19 Feb 2016 00:00:00 +0530 Wed, 18 Sep 2019 09:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283296 The Tribunal dismissed the appeal, upholding the CIT(A)'s decision to cancel the penalty under section 271(1)(c) for both issues related to interest disallowance and deferred tax reduction. The Tribunal emphasized the lack of concealment or furnishing of inaccurate particulars and the retrospective nature of the relevant amendment affecting the assessee's knowledge. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283296