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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Penalty u/s 271(1)(c) - Merely because assessee claimed ...


Penalty u/s 271(1)(c) Not Automatic for Disputed 25% Depreciation Claim on Plant Items.

January 31, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - Merely because assessee claimed depreciation at 25% treating items to be plant, which claim was not acceptable to revenue, would not by itself attract penalty.

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