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2010 (4) TMI 684 - ITAT NEW DELHIPenalty u/s 271(1)(c) - Claimed additional Depreciation on plant and machinery - Disallowance of Rs. 5,00,000/- against the total professional charges claim of Rs. 9074652 - Section 271(1)(c) which mandates of levy of penalty for concealment or furnishing of inaccurate particulars - Held that : It is not the case that Assessing Officer had found any mistake, but the case is that the assessee had himself while preparing the details found the mistake and pointed out the same to the Assessing Officer - Hence this can not be said to be a case of concealment or furnishing of inaccurate particulars - The revenue’s appeal is dismissed
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