https://www.taxtmi.com/caselaws?id=288633 The Tribunal held that penalties under section 271(1)(c) for wrongful deduction claims under section 80IC, disallowance of interest under section 14A, and deduction on interest received on margin money and foreign exchange fluctuation were not justified. The claims were deemed not to constitute concealment or furnishing inaccurate particulars of income. As a result, the Revenue's appeal was dismissed, and the assessee's appeal was allowed. en-us Tue, 06 Mar 2018 00:00:00 +0530 Sat, 20 Jun 2020 06:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288633 The Tribunal held that penalties under section 271(1)(c) for wrongful deduction claims under section 80IC, disallowance of interest under section 14A, and deduction on interest received on margin money and foreign exchange fluctuation were not justified. The claims were deemed not to constitute concealment or furnishing inaccurate particulars of income. As a result, the Revenue's appeal was dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288633