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2019 (1) TMI 1466 - AT - Income TaxLevy of penalty u/s 271(1)(c) - assessee claimed additional depreciation under section 32(1)(iia) on fixed assets under the head plant and machinery - Held that:- It is a case where penalty is levied, on a issue, in respect of which Hon’ble Delhi High Court in assessee’s own case for relevant assessment year under consideration, has framed substantial question of law. It thus becomes apparent that addition is debatable. We draw support in respect of aforestated view from order dated passed by Hon’ble Delhi High Court in case of CIT vs Liquid Investment and Trading Co., (2010 (10) TMI 1021 - DELHI HIGH COURT ). We are, therefore, inclined to delete the penalty. - Decided against revenue
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