https://www.taxtmi.com/caselaws?id=400107 The Tribunal upheld the decision to delete the penalty under section 271(1)(c) of the Act, emphasizing the debatable nature of the taxability of interest income. The Tribunal concluded that no concealment or furnishing of inaccurate particulars of income occurred, as the assessee disclosed all relevant facts. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. en-us Thu, 08 Oct 2020 00:00:00 +0530 Wed, 28 Oct 2020 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400107 The Tribunal upheld the decision to delete the penalty under section 271(1)(c) of the Act, emphasizing the debatable nature of the taxability of interest income. The Tribunal concluded that no concealment or furnishing of inaccurate particulars of income occurred, as the assessee disclosed all relevant facts. The appeal by the Revenue was dismissed, affirming the deletion of the penalty. Case-Laws Income Tax Thu, 08 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400107