https://www.taxtmi.com/caselaws?id=174702 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, finding no grounds for penalty under section 271(1)(c) for either the disallowance under section 40(a)(ia) or the higher depreciation claim. The cross objection filed by the assessee was deemed infructuous and dismissed accordingly. en-us Wed, 30 Mar 2011 00:00:00 +0530 Thu, 15 Oct 2015 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174702 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, finding no grounds for penalty under section 271(1)(c) for either the disallowance under section 40(a)(ia) or the higher depreciation claim. The cross objection filed by the assessee was deemed infructuous and dismissed accordingly. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174702