https://www.taxtmi.com/caselaws?id=207939 The ITAT allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the IT Act for claiming depreciation on assets 'kept ready' for use, citing the lack of clear provisions against such claims and emphasizing that penalties should not be imposed for technical breaches. The judgment was delivered on 08/01/2010. en-us Fri, 08 Jan 2010 00:00:00 +0530 Mon, 26 Dec 2011 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207939 The ITAT allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the IT Act for claiming depreciation on assets 'kept ready' for use, citing the lack of clear provisions against such claims and emphasizing that penalties should not be imposed for technical breaches. The judgment was delivered on 08/01/2010. Case-Laws Income Tax Fri, 08 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207939