https://www.taxtmi.com/caselaws?id=437825 The Tribunal allowed the appeals, deleting the penalties imposed under section 271(1)(c) for the assessment years 2010-11 and 2011-12. The Tribunal found that the penalties were unsustainable based on consistent favorable decisions for the assessee in similar matters before the Tribunal, where interest income additions leading to penalties had been previously deleted. en-us Wed, 10 May 2023 00:00:00 +0530 Mon, 15 May 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437825 The Tribunal allowed the appeals, deleting the penalties imposed under section 271(1)(c) for the assessment years 2010-11 and 2011-12. The Tribunal found that the penalties were unsustainable based on consistent favorable decisions for the assessee in similar matters before the Tribunal, where interest income additions leading to penalties had been previously deleted. Case-Laws Income Tax Wed, 10 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437825