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Penalty u/s 271(1)(c) Not Imposed for Different Interest Calculation Methods on FDRs by Assessee and AO.

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....Penalty u/s 271(1)( c) - Addition on account of interest on FDR - Merely because of method of calculating the interest income as adopted by the assessee company does not match with that adopted by the AO then in that eventuality no penalty can be levied. - AT....

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Penalty u/s 271(1)(c) Not Imposed for Different Interest Calculation Methods on FDRs by Assessee and AO.