https://www.taxtmi.com/caselaws?id=388328 The Appellate Tribunal ruled in favor of the assessee in a case involving long term capital gains and dividends shown as exempt. The Tribunal found no evidence of intentional concealment of income and directed the deletion of penalties imposed under section 271(1)(c) for alleged concealment. The assessee's genuine belief in the exemption of gains and unintentional non-disclosure were considered, leading to the decision in favor of the assessee. en-us Tue, 03 Sep 2019 00:00:00 +0530 Wed, 13 Nov 2019 10:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388328 The Appellate Tribunal ruled in favor of the assessee in a case involving long term capital gains and dividends shown as exempt. The Tribunal found no evidence of intentional concealment of income and directed the deletion of penalties imposed under section 271(1)(c) for alleged concealment. The assessee's genuine belief in the exemption of gains and unintentional non-disclosure were considered, leading to the decision in favor of the assessee. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388328