https://www.taxtmi.com/caselaws?id=200405 The Tribunal allowed the appeal, and the penalty imposed under section 271(1)(c) of the I.T. Act for an alleged excess claim of depreciation and interest in the power generation unit was deleted. The Tribunal held that a mere wrong claim does not automatically lead to the penalty, emphasizing the absence of deliberate concealment or furnishing inaccurate particulars by the assessee. en-us Thu, 21 Apr 2011 00:00:00 +0530 Tue, 27 Mar 2018 17:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200405 The Tribunal allowed the appeal, and the penalty imposed under section 271(1)(c) of the I.T. Act for an alleged excess claim of depreciation and interest in the power generation unit was deleted. The Tribunal held that a mere wrong claim does not automatically lead to the penalty, emphasizing the absence of deliberate concealment or furnishing inaccurate particulars by the assessee. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200405