Penalty under section 271(1)(c) - disallowance of depreciation - ...

Court Upholds Penalty for Invalid Depreciation Claim u/s 271(1)(c); Explanation Deemed Unsubstantiated and Not Bona Fide.

February 20, 2015

Case Laws Income Tax HC

Penalty under section 271(1)(c) - disallowance of depreciation - he explanation given by the assessee for the claim of depreciation is neither bona fide nor substantiated - levy of penalty sustained - HC

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Penalty under section 271(1)(c) - disallowance of depreciation - ...

Court Upholds Penalty for Invalid Depreciation Claim u/s 271(1)(c); Explanation Deemed Unsubstantiated and Not Bona Fide.

February 20, 2015

Case Laws Income Tax HC

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