No Penalty for Depreciation Concealment if Tax Paid u/s 115JB; No Tax Evasion Found.

No Penalty for Depreciation Concealment if Tax Paid u/s 115JB; No Tax Evasion Found. https://www.taxtmi.com/highlights?id=18538 Penalty u/s 271(1)(c) - tax was paid on the income assessed u/s 115JB - the concealment did not lead to tax evasion at all penalty u/s 271(1)(c) could not be imposed in respect of the false claim of depreciation. - HC en-us Tue, 13 May 2014 11:07:06 +0530 Tue, 13 May 2014 11:07:06 +0530 TaxTMI RSS Generator No Penalty for Depreciation Concealment if Tax Paid u/s 115JB; No Tax Evasion Found. https://www.taxtmi.com/highlights?id=18538 Penalty u/s 271(1)(c) - tax was paid on the income assessed u/s 115JB - the concealment did not lead to tax evasion at all penalty u/s 271(1)(c) could not be imposed in respect of the false claim of depreciation. - HC Highlights Income Tax Tue, 13 May 2014 11:07:06 +0530 https://www.taxtmi.com/highlights?id=18538