https://www.taxtmi.com/caselaws?id=60296 The Tribunal ruled in favor of the assessee, determining that the interest income under Section 214 should be assessed in the assessment year 1972-73, not 1974-75. It was held that there was no concealment or furnishing of inaccurate particulars by the assessee for the assessment year 1974-75. The penalty imposed under Section 271(1)(c) was canceled as a result of the interest income being correctly assessed for the earlier year. en-us Thu, 29 Dec 1988 00:00:00 +0530 Tue, 04 Jan 2011 15:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60296 The Tribunal ruled in favor of the assessee, determining that the interest income under Section 214 should be assessed in the assessment year 1972-73, not 1974-75. It was held that there was no concealment or furnishing of inaccurate particulars by the assessee for the assessment year 1974-75. The penalty imposed under Section 271(1)(c) was canceled as a result of the interest income being correctly assessed for the earlier year. Case-Laws Income Tax Thu, 29 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60296