https://www.taxtmi.com/caselaws?id=241859 The Tribunal partly allowed the appeal, deleting the disallowance of Rs. 2,53,33,000/- in trading losses in Commodities Futures. Interest was directed to be levied under sections 234B and 234C. The initiation of penalty proceedings under section 271(1)(c) was considered premature and dismissed. en-us Tue, 31 Dec 2013 00:00:00 +0530 Thu, 02 Jan 2014 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241859 The Tribunal partly allowed the appeal, deleting the disallowance of Rs. 2,53,33,000/- in trading losses in Commodities Futures. Interest was directed to be levied under sections 234B and 234C. The initiation of penalty proceedings under section 271(1)(c) was considered premature and dismissed. Case-Laws Income Tax Tue, 31 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241859