Penalty u/s 271(1)(c) Not Imposed for Disallowed Depreciation Claims Due to Non-Use of Assets for Business.

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....Levy of penalty u/s.271(1)(c) - disallowance of depreciation as assets were not put to use for the purpose of running business activity in the years under consideration - it is not a fit case for levy of penalty u/s.271(1)(c) - AT....