https://www.taxtmi.com/caselaws?id=401019 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 271AAA. The decision was based on justifying the adjustment of brought forward short term capital loss against declared income, as upheld in the quantum appeal. The Tribunal found no shortfall in tax payment on the losses, supporting the assessee's position and emphasizing the finality of the quantum proceedings' order. en-us Mon, 23 Nov 2020 00:00:00 +0530 Wed, 25 Nov 2020 10:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401019 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 271AAA. The decision was based on justifying the adjustment of brought forward short term capital loss against declared income, as upheld in the quantum appeal. The Tribunal found no shortfall in tax payment on the losses, supporting the assessee's position and emphasizing the finality of the quantum proceedings' order. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401019