https://www.taxtmi.com/caselaws?id=330006 The Tribunal allowed the appeal, deleting the penalty imposed under Section 271(1)(c). It held that the issue of the holding period was debatable and supported by judicial precedents, concluding that the assessee's claim, though not accepted by the authorities, was made in good faith and did not warrant a penalty for furnishing inaccurate particulars of income. en-us Thu, 07 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 11:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330006 The Tribunal allowed the appeal, deleting the penalty imposed under Section 271(1)(c). It held that the issue of the holding period was debatable and supported by judicial precedents, concluding that the assessee's claim, though not accepted by the authorities, was made in good faith and did not warrant a penalty for furnishing inaccurate particulars of income. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330006