https://www.taxtmi.com/caselaws?id=270655 The Tribunal partially allowed the assessee's appeals by deleting disallowances of De-mat charges and new issue expenses. The issue regarding liability payable to M/s Viraj Investments was restored to the Assessing Officer for verification. The revenue's appeals were dismissed, upholding the deletion of additions related to IPO shares transferred to financiers and penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. en-us Wed, 21 Oct 2015 00:00:00 +0530 Tue, 12 Jan 2016 00:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270655 The Tribunal partially allowed the assessee's appeals by deleting disallowances of De-mat charges and new issue expenses. The issue regarding liability payable to M/s Viraj Investments was restored to the Assessing Officer for verification. The revenue's appeals were dismissed, upholding the deletion of additions related to IPO shares transferred to financiers and penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270655