https://www.taxtmi.com/caselaws?id=293688 The Tribunal ruled in favor of the appellant, holding that the omission of long term capital gain in the book profit calculation was a computational error based on a genuine belief, not an intentional act to provide inaccurate particulars of income. The penalty under section 271(1)(c) was deemed unjustified and subsequently deleted. The appellant's appeal was allowed, and the decision was announced in open court on 03.11.2017. en-us Fri, 03 Nov 2017 00:00:00 +0530 Wed, 24 Feb 2021 20:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293688 The Tribunal ruled in favor of the appellant, holding that the omission of long term capital gain in the book profit calculation was a computational error based on a genuine belief, not an intentional act to provide inaccurate particulars of income. The penalty under section 271(1)(c) was deemed unjustified and subsequently deleted. The appellant's appeal was allowed, and the decision was announced in open court on 03.11.2017. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293688