https://www.taxtmi.com/highlights?id=70121 Penalty u/s 271(1)(c) - Interest as obtained through interest bearing fund and used for non-business purposes - Assessee has voluntarily offered such interest expenditure during the assessment. Thus, the assessee is not to be penalized on such addition as he himself has offered before assessment proceedings. - no penalty - AT en-us Sat, 03 Jun 2023 08:54:47 +0530 Sat, 03 Jun 2023 08:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70121 Penalty u/s 271(1)(c) - Interest as obtained through interest bearing fund and used for non-business purposes - Assessee has voluntarily offered such interest expenditure during the assessment. Thus, the assessee is not to be penalized on such addition as he himself has offered before assessment proceedings. - no penalty - AT Highlights Income Tax Sat, 03 Jun 2023 08:54:47 +0530 https://www.taxtmi.com/highlights?id=70121