Penalty Imposed for Inaccurate Income Details u/s 271(1)(c); Incorrect Long-Term Capital Gain Exemption Claimed u/s 10(38.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271(1)(c) - it is a clear case of furnishing inaccurate particulars of income by the assessee when the assessee has claimed the long term capital gain exempt under section 10(38) and subsequently this claim of the assessee was found to be wrong.....