https://www.taxtmi.com/caselaws?id=272230 The Tribunal allowed the appeal of the assessee, deleting the penalty levied under section 271(1)(c) and acknowledging the eligibility of the assessee for claiming deduction under sections 54/54F of the Act. The decision was based on the peculiar facts of the case and the assessee's genuine ignorance of tax laws. en-us Fri, 22 Jan 2016 00:00:00 +0530 Wed, 02 Mar 2016 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272230 The Tribunal allowed the appeal of the assessee, deleting the penalty levied under section 271(1)(c) and acknowledging the eligibility of the assessee for claiming deduction under sections 54/54F of the Act. The decision was based on the peculiar facts of the case and the assessee's genuine ignorance of tax laws. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272230