https://www.taxtmi.com/caselaws?id=395017 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) for concealment of income and disallowance of interest expenditure deduction. The Tribunal emphasized the lack of intentional concealment by the assessee, noting the voluntary disclosure of errors and insufficient proof for disallowance. The Revenue's appeal was dismissed, affirming the ruling in favor of the assessee. en-us Fri, 28 Feb 2020 00:00:00 +0530 Wed, 06 May 2020 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395017 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) for concealment of income and disallowance of interest expenditure deduction. The Tribunal emphasized the lack of intentional concealment by the assessee, noting the voluntary disclosure of errors and insufficient proof for disallowance. The Revenue's appeal was dismissed, affirming the ruling in favor of the assessee. Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395017