https://www.taxtmi.com/caselaws?id=332940 The Tribunal partly allowed the assessee's appeal for A.Y. 2008-09. Relief was granted on the disallowance of exemption under section 54F of the Act, as the assessee invested in a residential property within the extended period for filing the return. The disallowance under section 14A was directed for re-verification due to a computation mistake. The plea to drop penalty proceedings was dismissed as premature since no penalty had been levied in the current order. en-us Wed, 17 Aug 2016 00:00:00 +0530 Fri, 30 Sep 2016 14:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332940 The Tribunal partly allowed the assessee's appeal for A.Y. 2008-09. Relief was granted on the disallowance of exemption under section 54F of the Act, as the assessee invested in a residential property within the extended period for filing the return. The disallowance under section 14A was directed for re-verification due to a computation mistake. The plea to drop penalty proceedings was dismissed as premature since no penalty had been levied in the current order. Case-Laws Income Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332940