https://www.taxtmi.com/caselaws?id=385424 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee, allowing the appeal and deleting the penalty imposed under section 271(1)(c) of the Income-tax Act. The judgment emphasized the debatable nature of the treatment of capital gains and the compliance of the assessee with accounting standards, leading to the decision to annul the penalty. en-us Tue, 03 Sep 2019 00:00:00 +0530 Wed, 04 Sep 2019 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385424 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee, allowing the appeal and deleting the penalty imposed under section 271(1)(c) of the Income-tax Act. The judgment emphasized the debatable nature of the treatment of capital gains and the compliance of the assessee with accounting standards, leading to the decision to annul the penalty. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385424