https://www.taxtmi.com/caselaws?id=433266 The appeal was partly allowed by the CIT(A) and dismissed ex-parte by the Tribunal. The penalty under Section 271(1)(c) was upheld for the disallowance of interest and loan processing fees, and the addition under Section 56(2)(viib), while no penalty was imposed for the disallowance under Section 14A. The Tribunal found no merit in the appellant's claims and upheld the CIT(A)'s decision to impose penalties for furnishing inaccurate particulars of income. en-us Mon, 23 Jan 2023 00:00:00 +0530 Wed, 25 Jan 2023 08:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433266 The appeal was partly allowed by the CIT(A) and dismissed ex-parte by the Tribunal. The penalty under Section 271(1)(c) was upheld for the disallowance of interest and loan processing fees, and the addition under Section 56(2)(viib), while no penalty was imposed for the disallowance under Section 14A. The Tribunal found no merit in the appellant's claims and upheld the CIT(A)'s decision to impose penalties for furnishing inaccurate particulars of income. Case-Laws Income Tax Mon, 23 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433266