Allowing the appeals the Tribunal held that the declining of the claim of depreciation at 60% on digital set top box and control room equipment at sixty per cent and restricted to fifteen per cent, levy of penalty is held to be not valid.(AY. 2011-12, 2014-15)
Abs Entertainment Pvt. Ltd. v. Dy.CIT (2020) 84 ITR 20 (SN) (Mum.)(Trib.)
S. 271(1)(c) : Penalty-Concealment-Depreciation on digital set top box and control room equipment at sixty per cent-Restricted to fifteen per cent-Levy of penalty is not valid.