10 results for “depreciation”+ Section 271(1)(c)clear
Sorted by relevance
Key Topics
In the result, all the above appeals of the assessee are allowed
Bench: SHRI. LALIET KUMAR (Judicial Member), DR. MITHA LAL MEENA (Accountant Member)
depreciation claimed. 2.2 Despite the fact that the income offered by the assessee was accepted and assessments were completed without significant variation, the AO proceeded to initiate and levy penalty under section 271(1)(c