Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (3) TMI 1394 - AT - Income TaxPenalty u/s 271(1)(c) - addition of difference between revenue expenditure claimed and depreciation allowed - HELD THAT:- Where penalty has been imposed by A.O. in view of the difference of opinion between assessee and the A.O. Assessee treated the expenditure as revenue expenditure whereas, the A.O. treated the purchase of software as capital asset. All the particulars were before the A.O. from which only he could arrive at a conclusion that assessee had debited the expenditure in the P & L account. It is not a case where there was any wrong furnishing of particulars of income or concealment of income. In view of above, we do not find any infirmity in the order of Ld. CIT(A). Appeal filed by revenue is dismissed.
|