https://www.taxtmi.com/caselaws?id=416430 The Tribunal allowed the appeal, cancelling penalties imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) under section 271(1)(c) of the Income Tax Act, 1961. Penalties related to differences in loan account reconciliation, disallowance of interest, administrative expenses, and opening balance were revoked as they were not deemed to constitute concealment or filing inaccurate particulars of income. en-us Wed, 17 Nov 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416430 The Tribunal allowed the appeal, cancelling penalties imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) under section 271(1)(c) of the Income Tax Act, 1961. Penalties related to differences in loan account reconciliation, disallowance of interest, administrative expenses, and opening balance were revoked as they were not deemed to constitute concealment or filing inaccurate particulars of income. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416430