https://www.taxtmi.com/caselaws?id=313093 The ITAT Ahmedabad allowed the appeal by the assessee, overturning the penalty imposed under Section 271(1)(c) for alleged concealment of income related to Long Term Capital Gain (LTCG). The Tribunal determined that the assessee did not conceal or inaccurately report income details, resulting in the deletion of the penalty. en-us Fri, 14 Jul 2023 00:00:00 +0530 Fri, 22 Mar 2024 20:20:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313093 The ITAT Ahmedabad allowed the appeal by the assessee, overturning the penalty imposed under Section 271(1)(c) for alleged concealment of income related to Long Term Capital Gain (LTCG). The Tribunal determined that the assessee did not conceal or inaccurately report income details, resulting in the deletion of the penalty. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313093