https://www.taxtmi.com/caselaws?id=338633 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, dismissing the revenue's appeal and allowing the assessee's appeal. The penalty under Section 271(1)(c) for disallowance under Section 14A and short term capital gains was deleted as no concealment or inaccurate particulars were found. The Tribunal considered the assessee's explanation for the error in capital gains computation as genuine. The judgment was delivered on February 3, 2017, emphasizing the absence of concealment or inaccurate particulars in both instances. en-us Fri, 03 Feb 2017 00:00:00 +0530 Wed, 08 Feb 2017 12:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338633 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, dismissing the revenue's appeal and allowing the assessee's appeal. The penalty under Section 271(1)(c) for disallowance under Section 14A and short term capital gains was deleted as no concealment or inaccurate particulars were found. The Tribunal considered the assessee's explanation for the error in capital gains computation as genuine. The judgment was delivered on February 3, 2017, emphasizing the absence of concealment or inaccurate particulars in both instances. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338633