| COURT: | ITAT Mumbai |
| CORAM: | N. K. Billaiya (AM), Sanjay Garg (JM) |
| SECTION(S): | 271(1)(c), 32 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | concealment, Depreciation, lease finance, operating lease, penalty |
| COUNSEL: | Dr. K. Shivram |
| DATE: | October 10, 2014 (Date of pronouncement) |
| DATE: | October 16, 2014 (Date of publication) |
| AY: | 1993-94 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 271(1)(c): Wrong claim for depreciation by showing a finance or loan transaction as a lease transaction attracts penalty | |
(i) The detailed findings of the AO, the assessee not agitating the findings of the AO in quantum proceedings, no plea of factual discrepancies during quantum proceedings and appeals, even no such plea before AO during penalty proceedings and no …
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