https://www.taxtmi.com/caselaws?id=387425 The Tribunal partially allowed the appeal, deleting the additions made by the AO and directing a re-calculation of interest under Section 234B following a decision by the Bombay High Court. The proposal to initiate penalty proceedings was deemed premature. The case outcome was in favor of the assessee, with the Tribunal ruling against the additions to income and interest levied, while deferring penalty proceedings. en-us Mon, 14 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387425 The Tribunal partially allowed the appeal, deleting the additions made by the AO and directing a re-calculation of interest under Section 234B following a decision by the Bombay High Court. The proposal to initiate penalty proceedings was deemed premature. The case outcome was in favor of the assessee, with the Tribunal ruling against the additions to income and interest levied, while deferring penalty proceedings. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387425