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Income Tax | ITAT Deletes ₹71.10 Lakh Penalty for Genuine Interest Claim Made in Wrong Year

3 Oct 2026 · 3 Oct 2026By CA Vijayakumar ShettySource: TaxGuru

Amritsar ITAT deletes ₹71.10 lakh Section 271(1)(c) penalty as genuine interest expenditure was mistakenly claimed in the wrong assessment year. The post ITAT Deletes ₹71.10 Lakh Penalty for Genuine Interest Claim Made in Wrong Year appeared first on TaxGuru .

Attribution

Original credit: CA Vijayakumar Shetty. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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