https://www.taxtmi.com/caselaws?id=201545 The appeal against dropping penalty proceedings for surrendering long term capital gain during assessment was dismissed as the Tribunal found the assessing authority had considered the respondent's reply before dropping the penalty proceedings. The Commissioner's order setting aside the dropping of penalty proceedings was overturned by the Tribunal. en-us Tue, 19 Oct 2010 00:00:00 +0530 Tue, 06 Sep 2011 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201545 The appeal against dropping penalty proceedings for surrendering long term capital gain during assessment was dismissed as the Tribunal found the assessing authority had considered the respondent's reply before dropping the penalty proceedings. The Commissioner's order setting aside the dropping of penalty proceedings was overturned by the Tribunal. Case-Laws Income Tax Tue, 19 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201545