https://www.taxtmi.com/caselaws?id=441054 The Tribunal found no misrepresentation or suppression of facts by the assessee in claiming deductions for children's share in property sale proceeds, leading to the deletion of penalty imposed under section 270A for misreporting income related to Long Term Capital Gains. The appeal was allowed as the Tribunal deemed the claimed deductions valid and the penalty unjustified. en-us Wed, 26 Jul 2023 00:00:00 +0530 Tue, 01 Aug 2023 09:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441054 The Tribunal found no misrepresentation or suppression of facts by the assessee in claiming deductions for children's share in property sale proceeds, leading to the deletion of penalty imposed under section 270A for misreporting income related to Long Term Capital Gains. The appeal was allowed as the Tribunal deemed the claimed deductions valid and the penalty unjustified. Case-Laws Income Tax Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441054