https://www.taxtmi.com/caselaws?id=431513 The Appellate Tribunal allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2015-16. The Tribunal found a reasonable cause for the delay in disclosing interest income, considering the delayed availability of TDS information as explained by the assessee. The penalty was deemed unwarranted, and the order upholding the penalty was set aside. en-us Thu, 27 Oct 2022 00:00:00 +0530 Thu, 15 Dec 2022 09:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431513 The Appellate Tribunal allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2015-16. The Tribunal found a reasonable cause for the delay in disclosing interest income, considering the delayed availability of TDS information as explained by the assessee. The penalty was deemed unwarranted, and the order upholding the penalty was set aside. Case-Laws Income Tax Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431513