Penalty u/s 271(1)(c) – disallowances, i.e., qua repair and ...

Penalty Imposed u/s 271(1)(c) for Unjustified Repair and Maintenance Expenses; Asset Completion Defined by Working Condition.

October 19, 2013

Case Laws Income Tax AT

Penalty u/s 271(1)(c) – disallowances, i.e., qua repair and maintenance and depreciation - The construction or the acquisition of an asset cannot be said to be complete prior to it attaining a working condition - no justification to incur such huge expenditure on repair - AT

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Penalty u/s 271(1)(c) – disallowances, i.e., qua repair and ...

Penalty Imposed u/s 271(1)(c) for Unjustified Repair and Maintenance Expenses; Asset Completion Defined by Working Condition.

October 19, 2013

Case Laws Income Tax AT

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