https://www.taxtmi.com/highlights?id=40904 Levy of penalty u/s 271(1)(c) - appellant wrongly claimed loss by debiting it to P & L Account on account of loss on sale of assets whereas the same was capital loss and not business loss. - Levy of penalty deleted as there is no concealment of income en-us Fri, 17 Aug 2018 17:15:21 +0530 Fri, 17 Aug 2018 17:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40904 Levy of penalty u/s 271(1)(c) - appellant wrongly claimed loss by debiting it to P & L Account on account of loss on sale of assets whereas the same was capital loss and not business loss. - Levy of penalty deleted as there is no concealment of income Highlights Income Tax Fri, 17 Aug 2018 17:15:21 +0530 https://www.taxtmi.com/highlights?id=40904