https://www.taxtmi.com/highlights?id=22707 Levy of penalty under section 271(1)(c) - assessee in the return of income had claimed the depreciation on land perse and not on intangible assets. The said claim was against the provisions of the Act and was thus not bonafide claim made by the assessee - penalty confirmed - AT en-us Tue, 28 Apr 2015 07:54:05 +0530 Tue, 28 Apr 2015 07:54:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22707 Levy of penalty under section 271(1)(c) - assessee in the return of income had claimed the depreciation on land perse and not on intangible assets. The said claim was against the provisions of the Act and was thus not bonafide claim made by the assessee - penalty confirmed - AT Highlights Income Tax Tue, 28 Apr 2015 07:54:05 +0530 https://www.taxtmi.com/highlights?id=22707