Showing less LTCG by making false claim u/s 54EC without making investment: ITAT confirms penalty [Read Order]

Showing - Less - LTCG - by - making - False - Claim - without - making - investment - ITAT - deletes - Penalty - TAXSCAN

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) confirmed penalty as there was showing less Long Term Capital Gain (LTCG) by making false claim under Section 54EC without making investment. During the course of assessment proceedings, no evidence has been filed by the assessee, Smt. Maya K Dharwani in support of the claim…

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