https://www.taxtmi.com/caselaws?id=221900 The Tribunal allowed the assessee's appeal, deleting the penalty imposed under Section 271(1)(c) for the disallowance of repair expenses treated as capital expenditure. The decision was based on the consistent view in similar cases and the Supreme Court's ruling that a debatable claim does not warrant a penalty for furnishing inaccurate particulars. en-us Fri, 15 Feb 2013 00:00:00 +0530 Thu, 31 Oct 2013 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221900 The Tribunal allowed the assessee's appeal, deleting the penalty imposed under Section 271(1)(c) for the disallowance of repair expenses treated as capital expenditure. The decision was based on the consistent view in similar cases and the Supreme Court's ruling that a debatable claim does not warrant a penalty for furnishing inaccurate particulars. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221900