https://www.taxtmi.com/caselaws?id=389257 The Tribunal upheld the penalty under Section 271(1)(c) for furnishing inaccurate income particulars and confirmed the classification of interest income from fixed deposits as "income from other sources." The Tribunal emphasized that procedural defects in the notice did not invalidate penalty proceedings, as proper satisfaction had been recorded by the Assessing Officer. The appeal filed by the assessee was dismissed. en-us Fri, 11 Oct 2019 00:00:00 +0530 Wed, 04 Dec 2019 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389257 The Tribunal upheld the penalty under Section 271(1)(c) for furnishing inaccurate income particulars and confirmed the classification of interest income from fixed deposits as "income from other sources." The Tribunal emphasized that procedural defects in the notice did not invalidate penalty proceedings, as proper satisfaction had been recorded by the Assessing Officer. The appeal filed by the assessee was dismissed. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389257