https://www.taxtmi.com/caselaws?id=348206 The Tribunal upheld the penalty of Rs. 4,85,597/- imposed by the AO for wrongful claims of depreciation and maintenance expenses on rental properties. The appeal was dismissed, affirming the penalty and emphasizing the necessity of specifying charges clearly and following legal principles in penalty proceedings. en-us Thu, 14 Sep 2017 00:00:00 +0530 Mon, 18 Sep 2017 06:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348206 The Tribunal upheld the penalty of Rs. 4,85,597/- imposed by the AO for wrongful claims of depreciation and maintenance expenses on rental properties. The appeal was dismissed, affirming the penalty and emphasizing the necessity of specifying charges clearly and following legal principles in penalty proceedings. Case-Laws Income Tax Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348206