https://www.taxtmi.com/caselaws?id=397363 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the penalty of Rs. 18,390 imposed under section 271(1)(c) of the Income Tax Act, 1961. The appeal of the assessee was allowed as the Tribunal found that the non-disclosure of interest income and the disallowance of expenses claimed against interest income did not warrant the imposition of penalties. en-us Tue, 02 Jun 2020 00:00:00 +0530 Fri, 14 Aug 2020 19:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397363 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the penalty of Rs. 18,390 imposed under section 271(1)(c) of the Income Tax Act, 1961. The appeal of the assessee was allowed as the Tribunal found that the non-disclosure of interest income and the disallowance of expenses claimed against interest income did not warrant the imposition of penalties. Case-Laws Income Tax Tue, 02 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397363