https://www.taxtmi.com/caselaws?id=176987 The Tribunal upheld the deletion of the penalty for Long Term Capital Gain but confirmed the penalty for gifts received under section 271(1)(c) of the Income Tax Act, based on legal precedents. Both the Revenue and the assessee's appeals were disposed of accordingly. en-us Wed, 10 Dec 2014 00:00:00 +0530 Fri, 01 Jan 2016 10:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176987 The Tribunal upheld the deletion of the penalty for Long Term Capital Gain but confirmed the penalty for gifts received under section 271(1)(c) of the Income Tax Act, based on legal precedents. Both the Revenue and the assessee's appeals were disposed of accordingly. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176987