https://www.taxtmi.com/caselaws?id=384737 The Tribunal upheld the deletion of the penalty for the provision for standard assets disallowance as the addition was already deleted in the quantum appeal. The penalty for capital loss disallowance was confirmed as the assessee admitted to filing inaccurate particulars. The Tribunal referred to previous orders where similar issues were decided in favor of the assessee, leading to the cancellation of penalties. The Tribunal found no error in the CIT(A)'s decision and dismissed the Revenue's appeal. en-us Wed, 07 Aug 2019 00:00:00 +0530 Thu, 22 Aug 2019 07:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384737 The Tribunal upheld the deletion of the penalty for the provision for standard assets disallowance as the addition was already deleted in the quantum appeal. The penalty for capital loss disallowance was confirmed as the assessee admitted to filing inaccurate particulars. The Tribunal referred to previous orders where similar issues were decided in favor of the assessee, leading to the cancellation of penalties. The Tribunal found no error in the CIT(A)'s decision and dismissed the Revenue's appeal. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384737