https://www.taxtmi.com/caselaws?id=388152 The Tribunal allowed both appeals of the assessee, deleting the additions and enhancements made by the assessing officer and CIT (A). It ruled that the interest earned on Fixed Deposit Receipts should be treated as business income and deleted the penalty under section 271(1)(c) as it did not survive following the deletion of income enhancements. en-us Tue, 30 Jul 2019 00:00:00 +0530 Fri, 08 Nov 2019 08:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388152 The Tribunal allowed both appeals of the assessee, deleting the additions and enhancements made by the assessing officer and CIT (A). It ruled that the interest earned on Fixed Deposit Receipts should be treated as business income and deleted the penalty under section 271(1)(c) as it did not survive following the deletion of income enhancements. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388152