https://www.taxtmi.com/caselaws?id=234695 The Tribunal canceled the penalties imposed on the assessee for both issues related to the disallowance of depreciation on a factory building and technical fees written off. The Tribunal found that the mistakes were inadvertent, with no intention to conceal income or provide inaccurate information. Relying on legal precedents and detailed analysis, the Tribunal concluded that no penalty was justified in both cases, allowing the assessee's appeal. en-us Tue, 30 Apr 2013 00:00:00 +0530 Mon, 24 Jun 2013 08:32:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234695 The Tribunal canceled the penalties imposed on the assessee for both issues related to the disallowance of depreciation on a factory building and technical fees written off. The Tribunal found that the mistakes were inadvertent, with no intention to conceal income or provide inaccurate information. Relying on legal precedents and detailed analysis, the Tribunal concluded that no penalty was justified in both cases, allowing the assessee's appeal. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234695