https://www.taxtmi.com/caselaws?id=348760 The Tribunal partly allowed the appeal, directing reconsideration of issues including unexplained cash credits, Short Term Capital Gain taxation, cash credits under section 68, artificial loss claim, and Long Term Capital Gain computation. The Tribunal found deficiencies in the lower authorities' reasoning and instructed fresh adjudication with proper opportunities for the assessee to be heard. The initiation of penalty under section 271(1)(c) was deemed premature and not adjudicated upon. en-us Wed, 09 Aug 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348760 The Tribunal partly allowed the appeal, directing reconsideration of issues including unexplained cash credits, Short Term Capital Gain taxation, cash credits under section 68, artificial loss claim, and Long Term Capital Gain computation. The Tribunal found deficiencies in the lower authorities' reasoning and instructed fresh adjudication with proper opportunities for the assessee to be heard. The initiation of penalty under section 271(1)(c) was deemed premature and not adjudicated upon. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348760