https://www.taxtmi.com/highlights?id=39704 Penalty u/s 271(1)(c) - As against the assessee’s stand of claiming such amount as a revenue expenditure, the Tribunal has adopted another route of allowing such deduction in the computation of capital gain by treating it as cost of improvement. These facts do not warrant imposition of penalty en-us Sat, 02 Jun 2018 12:46:31 +0530 Sat, 02 Jun 2018 12:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39704 Penalty u/s 271(1)(c) - As against the assessee’s stand of claiming such amount as a revenue expenditure, the Tribunal has adopted another route of allowing such deduction in the computation of capital gain by treating it as cost of improvement. These facts do not warrant imposition of penalty Highlights Income Tax Sat, 02 Jun 2018 12:46:31 +0530 https://www.taxtmi.com/highlights?id=39704