https://www.taxtmi.com/caselaws?id=274445 The Tribunal upheld the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act, finding that errors in excess depreciation claims and section 80HHC deduction were not concealment or furnishing inaccurate particulars of income. The Tribunal also ruled in favor of the assessee on various issues including excess depreciation claims, section 80HHC deduction, loss disallowance on mutual fund investments, disallowance on directors' remuneration, and other tax-related matters. The Tribunal directed the assessing authority to re-examine certain quantum issues and made decisions based on legal precedents and factual assessments. en-us Fri, 08 Apr 2016 00:00:00 +0530 Wed, 15 Aug 2018 16:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274445 The Tribunal upheld the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act, finding that errors in excess depreciation claims and section 80HHC deduction were not concealment or furnishing inaccurate particulars of income. The Tribunal also ruled in favor of the assessee on various issues including excess depreciation claims, section 80HHC deduction, loss disallowance on mutual fund investments, disallowance on directors' remuneration, and other tax-related matters. The Tribunal directed the assessing authority to re-examine certain quantum issues and made decisions based on legal precedents and factual assessments. Case-Laws Income Tax Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274445