<h1>Delhi High Court: No Penalty for Inaccurate Particulars on Biogas Plant Depreciation; Fulfills Section 32(1) Requirements.</h1> The Delhi High Court ruled that the Assessee did not furnish inaccurate particulars when claiming depreciation on a biogas plant, despite the Assessing Officer's disagreement. The court emphasized that the plant was owned and maintained in working condition, fulfilling the requirements of Section 32(1) of the Income Tax Act. The court concluded that a different interpretation by the Assessing Officer does not justify imposing a penalty under Section 271(1)(c) for inaccurate particulars. Consequently, no penalty should be levied, and the appeal was dismissed, with costs awarded to the Assessee.