https://www.taxtmi.com/caselaws?id=777324 ITAT set aside penalty u/s 201(1) and interest u/s 201(1A) and remanded the matter to AO for verification of Form 26A/CA certificate submitted as additional evidence showing recipients had offered the interest in their returns. If AO verifies recipients duly included the interest in their taxable income, the assessee cannot be treated as an assessee-in-default and must be given relief. Appeal allowed for statistical purposes. en-us Mon, 25 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777324 ITAT set aside penalty u/s 201(1) and interest u/s 201(1A) and remanded the matter to AO for verification of Form 26A/CA certificate submitted as additional evidence showing recipients had offered the interest in their returns. If AO verifies recipients duly included the interest in their taxable income, the assessee cannot be treated as an assessee-in-default and must be given relief. Appeal allowed for statistical purposes. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777324