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    July 26, 2025 Notifications Income Tax
    Government Approves International Hospital for Scientific Research Benefits Under Section 35(1)(ii) of Income-tax Act
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    Income Tax

    Penalty u/s. 271(1)(c) - furnishing of inaccurate particulars of...

    High Court Upholds ITAT Decision: No Penalty for Bona Fide Error u/s 271(1)(c) on Excess Depreciation Claim.

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    Income TaxJuly 25, 2023Case LawsHC

    Penalty u/s. 271(1)(c) - furnishing of inaccurate particulars of income - the addition made in the impugned case on account of excess depreciation claimed having been surrendered by the assessee itself without any prior detection of the Revenue and the excess claim having been demonstrated to have been made for the bonafide reasons - ITAT has rightly deleted the penalty - HC

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