https://www.taxtmi.com/caselaws?id=327729 The Tribunal partially allowed the appellant's appeal against a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty for disallowed expenses was deleted as there was full disclosure, but the penalty for claiming depreciation on rental income was upheld as willful. The Tribunal directed the penalty calculation only on the depreciation amount, resulting in the penalty being upheld on this aspect. The judgment was delivered on 08.04.2016 by the ITAT Delhi. en-us Fri, 08 Apr 2016 00:00:00 +0530 Wed, 18 May 2016 08:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327729 The Tribunal partially allowed the appellant's appeal against a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty for disallowed expenses was deleted as there was full disclosure, but the penalty for claiming depreciation on rental income was upheld as willful. The Tribunal directed the penalty calculation only on the depreciation amount, resulting in the penalty being upheld on this aspect. The judgment was delivered on 08.04.2016 by the ITAT Delhi. Case-Laws Income Tax Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327729