Penalty cannot be levied for mere Deletion of Capital Gain Exemption Claim u/s 54F: ITAT [Read Order]

Penalty - Capital Gain - Claim - ITAT - taxscan

Penalty cannot be levied for mere deletion of Capital Gain Exemption Claim under Section 54F of the Income Tax Act,1961 and so was held by Income Tax Appellate Tribunal (ITAT), Pune The appeal has been preferred by the assessee, Mihir Madhavrao Suryawanshi for the Assessment Year 2013-14 against the order passed by the Commissioner of…

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