https://www.taxtmi.com/caselaws?id=248039 The Tribunal allowed the appeals, ruling that there was no deliberate concealment of income and directing the deletion of the penalty imposed under section 271(1)(c) for non-disclosure of Long Term Capital Gain. The decision was based on the finding that the non-disclosure was due to inadvertent errors and not deliberate concealment, distinguishing it from cases where deliberate non-disclosure was evident. The Tribunal emphasized the unintentional nature of the appellants' errors and applied legal principles regarding inadvertent mistakes. en-us Fri, 25 Apr 2014 00:00:00 +0530 Fri, 30 May 2014 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248039 The Tribunal allowed the appeals, ruling that there was no deliberate concealment of income and directing the deletion of the penalty imposed under section 271(1)(c) for non-disclosure of Long Term Capital Gain. The decision was based on the finding that the non-disclosure was due to inadvertent errors and not deliberate concealment, distinguishing it from cases where deliberate non-disclosure was evident. The Tribunal emphasized the unintentional nature of the appellants' errors and applied legal principles regarding inadvertent mistakes. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248039