https://www.taxtmi.com/caselaws?id=195740 The penalty under section 271(1)(c) of the Income Tax Act was deleted by the High Court. The court upheld the decision of the Tribunal, finding no intention to provide incorrect information and noting that the assessee rectified the mistake regarding excessive depreciation claims. The High Court concluded that the matter was settled by the Tribunal's findings, and no substantial question of law was raised. en-us Thu, 23 Aug 2012 00:00:00 +0530 Thu, 09 Nov 2017 12:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195740 The penalty under section 271(1)(c) of the Income Tax Act was deleted by the High Court. The court upheld the decision of the Tribunal, finding no intention to provide incorrect information and noting that the assessee rectified the mistake regarding excessive depreciation claims. The High Court concluded that the matter was settled by the Tribunal's findings, and no substantial question of law was raised. Case-Laws Income Tax Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195740