https://www.taxtmi.com/caselaws?id=388157 The Tribunal deemed the assessment under section 153C invalid due to the absence of incriminating documents. It allowed the interest expenditure, foreign exchange loss, and disallowance under section 14A. The Revenue's appeal for penalty under section 271(1)(c) was dismissed. en-us Tue, 22 Oct 2019 00:00:00 +0530 Fri, 05 Aug 2022 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388157 The Tribunal deemed the assessment under section 153C invalid due to the absence of incriminating documents. It allowed the interest expenditure, foreign exchange loss, and disallowance under section 14A. The Revenue's appeal for penalty under section 271(1)(c) was dismissed. Case-Laws Income Tax Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388157