https://www.taxtmi.com/caselaws?id=306242 The Tribunal consistently upheld the CIT (Appeals)'s decisions across multiple assessment years, dismissing the Department's appeals on issues related to the deletion of notional interest disallowance, disallowance under Section 14A, disallowance of various expenses, and penalties under Section 271(1)(c). The judgments emphasized the principles of consistency, proper verification of facts, and the necessity of clear evidence for disallowances and penalties. en-us Fri, 29 Jul 2016 00:00:00 +0530 Thu, 19 Jan 2023 08:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306242 The Tribunal consistently upheld the CIT (Appeals)'s decisions across multiple assessment years, dismissing the Department's appeals on issues related to the deletion of notional interest disallowance, disallowance under Section 14A, disallowance of various expenses, and penalties under Section 271(1)(c). The judgments emphasized the principles of consistency, proper verification of facts, and the necessity of clear evidence for disallowances and penalties. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306242