https://www.taxtmi.com/caselaws?id=409215 The Tribunal allowed the appeal in part, recognizing the holding period from the date of the allotment letter, deeming the gain as a long-term capital gain. The challenges regarding the levy of interest under sections 234B and 234D were dismissed as mandatory and consequential. The issue of penalty proceedings under section 271(1)(c) was deemed premature and also dismissed. en-us Wed, 30 Jun 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:58:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409215 The Tribunal allowed the appeal in part, recognizing the holding period from the date of the allotment letter, deeming the gain as a long-term capital gain. The challenges regarding the levy of interest under sections 234B and 234D were dismissed as mandatory and consequential. The issue of penalty proceedings under section 271(1)(c) was deemed premature and also dismissed. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409215