https://www.taxtmi.com/caselaws?id=351991 The Tribunal partly allowed the appeals for A.Ys 2006-07 and 2011-12, with the appeal for A.Y 2007-08 partly allowed for statistical purposes. The appeal against the penalty for A.Y 2006-07 was allowed. The Tribunal found the delay in filing appeals was condoned, upheld the validity of re-assessment proceedings, determined the year of taxability of capital gains, and disallowed the claimed expenditure. The computation of capital gains was based on the SRO value, and the penalty under Section 271(1)(c) was deemed unwarranted. en-us Thu, 30 Nov 2017 00:00:00 +0530 Tue, 05 Dec 2017 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351991 The Tribunal partly allowed the appeals for A.Ys 2006-07 and 2011-12, with the appeal for A.Y 2007-08 partly allowed for statistical purposes. The appeal against the penalty for A.Y 2006-07 was allowed. The Tribunal found the delay in filing appeals was condoned, upheld the validity of re-assessment proceedings, determined the year of taxability of capital gains, and disallowed the claimed expenditure. The computation of capital gains was based on the SRO value, and the penalty under Section 271(1)(c) was deemed unwarranted. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351991