https://www.taxtmi.com/caselaws?id=75690 HC held that penalty under section 271(1)(c) could not be imposed where the assessee's deduction claim under section 80P was held valid by the court's Full Bench, so the wrong claim did not constitute concealment or furnishing inaccurate particulars. Revenue's additional contention regarding depreciation under section 80P(2) was not pressed before the Tribunal; in any event, the rationale for disallowing the penalty on the 80P claim applies to the depreciation issue. No substantial question of law arises. en-us Mon, 12 Oct 2009 00:00:00 +0530 Thu, 13 Nov 2025 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75690 HC held that penalty under section 271(1)(c) could not be imposed where the assessee's deduction claim under section 80P was held valid by the court's Full Bench, so the wrong claim did not constitute concealment or furnishing inaccurate particulars. Revenue's additional contention regarding depreciation under section 80P(2) was not pressed before the Tribunal; in any event, the rationale for disallowing the penalty on the 80P claim applies to the depreciation issue. No substantial question of law arises. Case-Laws Income Tax Mon, 12 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75690