TMI BlogPenalty u/s 271(1)(c) - claim of depreciation at 10% is under the bonafide belief that the residential...Penalty u/s 271(1)(c) - claim of depreciation at 10% is under the bonafide belief that the residential quarters were utilized for the hospital purpose and formed part and parcel of hospital premises - mere making of a bonafide claim would not amount to furnishing of inaccurate particulars of income - no penalty - no substantial question of law arises ..... X X X X Extracts X X X X X X X X Extracts X X X X
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