https://www.taxtmi.com/caselaws?id=327503 The appeal by M/s. B.K. Concast Pvt. Ltd. to set aside the penalty imposed under section 271(1)(c) for a Short Term Capital Gain calculation error was successful. The Tribunal found that the error was inadvertent and not an attempt to conceal income. As the details in the return were not deemed incorrect or false, the penalty was deemed unsustainable. The appeal was allowed, setting aside the penalty order. en-us Fri, 29 Apr 2016 00:00:00 +0530 Thu, 12 May 2016 01:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327503 The appeal by M/s. B.K. Concast Pvt. Ltd. to set aside the penalty imposed under section 271(1)(c) for a Short Term Capital Gain calculation error was successful. The Tribunal found that the error was inadvertent and not an attempt to conceal income. As the details in the return were not deemed incorrect or false, the penalty was deemed unsustainable. The appeal was allowed, setting aside the penalty order. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327503