Held that the disallowance of expenditure and depreciation cannot be the ground for levy of penalty. (AY.2003-04 to 2006-07)
Gujarat Power Corporation Ltd v.ACIT (2022)99 ITR 42 (SN)(Ahd) (Trib)
S. 271(1)(c) : Penalty-Concealment-Deduction of expenditure-Sale and lease back-Depreciation-Levy of penalty is not valid. [S. 32, 35E]