https://www.taxtmi.com/caselaws?id=361320 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete penalties imposed under Section 271(1)(c) for both deemed rental value and long-term capital gain on structured products. The Tribunal found the issues debatable, with the assessee's claims made in good faith based on a plausible interpretation of the law, in line with the Supreme Court's decision in CIT Vs. Reliance Petroproducts P. Ltd. en-us Mon, 21 May 2018 00:00:00 +0530 Fri, 24 Aug 2018 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361320 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete penalties imposed under Section 271(1)(c) for both deemed rental value and long-term capital gain on structured products. The Tribunal found the issues debatable, with the assessee's claims made in good faith based on a plausible interpretation of the law, in line with the Supreme Court's decision in CIT Vs. Reliance Petroproducts P. Ltd. Case-Laws Income Tax Mon, 21 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361320