https://www.taxtmi.com/caselaws?id=260604 The Tribunal allowed the appeal for setting off Long Term Capital Loss on shares against Long Term Capital Gain on land, overruling the AO and CIT(A). It remanded the Section 14A disallowance back to the AO for re-examination, as the AO failed to verify the assessee's claim. Consequently, the penalty under Section 271(1)(c) was deleted. en-us Wed, 10 Jun 2015 00:00:00 +0530 Mon, 11 Nov 2024 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260604 The Tribunal allowed the appeal for setting off Long Term Capital Loss on shares against Long Term Capital Gain on land, overruling the AO and CIT(A). It remanded the Section 14A disallowance back to the AO for re-examination, as the AO failed to verify the assessee's claim. Consequently, the penalty under Section 271(1)(c) was deleted. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260604