Penalty 271(1)(c) for claiming Short Term Capital Gain STCG as Long Term Capital Gain LTCG and deduction us 54F quashed by the ITAT
August 7, 2016
Income Tax, ITAT, Judgments
Penalty 271(1)(c) for claiming STCG as LTCG and deduction us 54F quashed by the ITAT holding that if the assessee had not concealed any fact while filing the return and filed the copies of the document along with the return, merely because the sale proceeds were shown as a long term capital gain …