2011 (2) TMI 1609

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....COME TAX APPEAL NO. 4169 OF 2009 - -<br>Income Tax<br>J.P. DEVADHAR AND MRS. MRIDULA BHATKAR, JJ. For the Appellant : Mr. Vimal Gupta For the Respondent : Mr. P.J. Pardiwala, senior Advocate wit....

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.... The Tribunal following the decision in the case of DCIT V/s. Dhanalakshmi Bank Ltd. (Cochin) reported in 76 TTJ 439 held that the interest paid to the RBI was not penalty and accordingly the interest....