| COURT: | ITAT Delhi |
| CORAM: | Diva Singh (JM), Sudhakar Reddy (AM) |
| SECTION(S): | 271(1)(c) |
| GENRE: | Domestic Tax |
| CATCH WORDS: | furnishing inaccurate particulars of income, penalty, wrong claim vs. false claim |
| COUNSEL: | R. S. Singhavi |
| DATE: | September 5, 2014 (Date of pronouncement) |
| DATE: | November 14, 2014 (Date of publication) |
| AY: | 2007-08 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 271(1)(c): No penalty can be levied for a bona fide "wrong" claim which is not a "false" claim | |
The addition by way of disallowing the depreciation claimed has rightly been made in the quantum proceedings which fact has been accepted by the assessee by filing a revised return and not agitating the issue further. Considering the explanation offered …
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