https://www.taxtmi.com/caselaws?id=417790 The tribunal upheld the decision of the Ld. CIT(A) and dismissed the revenue's appeals challenging the deletion of penalties in cases involving long term capital gain claimed as exempt under section 10(38). The tribunal found that although the appellant's claim was incorrect, it did not amount to furnishing inaccurate particulars of income. The penalty was deemed unjustified and deleted based on the presentation of all relevant facts. The appeals were considered not maintainable, and the penalty was dismissed in both cases. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 31 Jan 2022 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417790 The tribunal upheld the decision of the Ld. CIT(A) and dismissed the revenue's appeals challenging the deletion of penalties in cases involving long term capital gain claimed as exempt under section 10(38). The tribunal found that although the appellant's claim was incorrect, it did not amount to furnishing inaccurate particulars of income. The penalty was deemed unjustified and deleted based on the presentation of all relevant facts. The appeals were considered not maintainable, and the penalty was dismissed in both cases. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417790