https://www.taxtmi.com/caselaws?id=777091 ITAT Cochin (AT) allowed the appeal, holding that claiming a deduction under s.80P(2)(d) for interest income, though ultimately unsustainable, did not by itself constitute furnishing inaccurate particulars and, alternatively, the assessee had reasonable cause under s.273B. Penalty under s.271(1)(c) and s.270A was set aside; the tribunal found the assessee acted bonafide, disclosed material facts, and was entitled to relief under s.270A(6)(a). The decision noted relevant HC authority supporting entitlement to deduction under s.80P(2)(a)(i). en-us Wed, 20 Aug 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777091 ITAT Cochin (AT) allowed the appeal, holding that claiming a deduction under s.80P(2)(d) for interest income, though ultimately unsustainable, did not by itself constitute furnishing inaccurate particulars and, alternatively, the assessee had reasonable cause under s.273B. Penalty under s.271(1)(c) and s.270A was set aside; the tribunal found the assessee acted bonafide, disclosed material facts, and was entitled to relief under s.270A(6)(a). The decision noted relevant HC authority supporting entitlement to deduction under s.80P(2)(a)(i). Case-Laws Income Tax Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777091