https://www.taxtmi.com/highlights?id=48232 Penalty u/s 271(1)(c) - inadvertent omission - when the assessee had disclosed the deduction pertaining to sale of the three shops from the ‘block of assets’ in its balance sheet then there is substantial force in its claim that the failure to offer LTCG on the sale of the said shops had inadvertently remained omitted to be shown in the return of income - only be described as a human error - no penalty en-us Sat, 27 Jul 2019 07:31:58 +0530 Sat, 27 Jul 2019 07:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48232 Penalty u/s 271(1)(c) - inadvertent omission - when the assessee had disclosed the deduction pertaining to sale of the three shops from the ‘block of assets’ in its balance sheet then there is substantial force in its claim that the failure to offer LTCG on the sale of the said shops had inadvertently remained omitted to be shown in the return of income - only be described as a human error - no penalty Highlights Income Tax Sat, 27 Jul 2019 07:31:58 +0530 https://www.taxtmi.com/highlights?id=48232