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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Penalty u/s 271(1)(c) - Even if it is presumed that assessee was ...


Penalty u/s 271(1)(c) Not Justified Despite Assumed Ineligibility for Depreciation Allowance.

February 19, 2018

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - Even if it is presumed that assessee was not eligible for allowance of depreciation even then the penalty u/s 271(1)(c) cannot be imposed - AT

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