https://www.taxtmi.com/caselaws?id=243879 The Tribunal allowed the appeals in part, deleting the penalties for both assessment years, as the issue of depreciation claim was debatable and made in good faith. The Tribunal rejected the ground concerning the penalty order being barred by limitation due to lack of submissions. en-us Fri, 07 Feb 2014 00:00:00 +0530 Wed, 12 Feb 2014 15:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243879 The Tribunal allowed the appeals in part, deleting the penalties for both assessment years, as the issue of depreciation claim was debatable and made in good faith. The Tribunal rejected the ground concerning the penalty order being barred by limitation due to lack of submissions. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243879