https://www.taxtmi.com/caselaws?id=208050 The tribunal partly allowed the appeal filed by the assessee, setting aside or deleting penalties on various issues. The disallowance of short-term capital loss under Section 94(7) and SAP expenses as capital expenditure was upheld. However, penalties related to expenses disallowed under Section 14A and deduction disallowed under Section 80G due to non-production of receipts were set aside. The penalty on the recomputed deduction under Section 80HHC was deleted, as the claim was supported by a Chartered Accountant's certificate and not considered as furnishing inaccurate particulars. en-us Wed, 27 Apr 2011 00:00:00 +0530 Mon, 27 Jun 2011 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208050 The tribunal partly allowed the appeal filed by the assessee, setting aside or deleting penalties on various issues. The disallowance of short-term capital loss under Section 94(7) and SAP expenses as capital expenditure was upheld. However, penalties related to expenses disallowed under Section 14A and deduction disallowed under Section 80G due to non-production of receipts were set aside. The penalty on the recomputed deduction under Section 80HHC was deleted, as the claim was supported by a Chartered Accountant's certificate and not considered as furnishing inaccurate particulars. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208050