https://www.taxtmi.com/caselaws?id=103371 The Tribunal canceled penalties imposed under sections 273(1)(b) and 271(1)(c) after finding the assessee's arguments reasonable. The Tribunal emphasized the genuine nature of share dealings and unexpected disallowance of claimed loss, concluding that penalties were not warranted based on provided documents and previous decisions supporting relief in similar situations. en-us Mon, 11 Feb 2002 00:00:00 +0530 Wed, 22 Feb 2012 15:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103371 The Tribunal canceled penalties imposed under sections 273(1)(b) and 271(1)(c) after finding the assessee's arguments reasonable. The Tribunal emphasized the genuine nature of share dealings and unexpected disallowance of claimed loss, concluding that penalties were not warranted based on provided documents and previous decisions supporting relief in similar situations. Case-Laws Income Tax Mon, 11 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103371