No Penalty for Highway Depreciation Claim: Bona Fide Conduct u/s 271(1)(c) Saves Assessee from Penalty.

No Penalty for Highway Depreciation Claim: Bona Fide Conduct u/s 271(1)(c) Saves Assessee from Penalty. https://www.taxtmi.com/highlights?id=41667 Penalty u/s 271(1)(c) - claim of depreciation on the NH-6 constructed by them on built, operate and transfer basis @ 10% - The conduct of the respondent-assessee or examination of facts has been found and held to be bonafide - No penalty. en-us Wed, 26 Sep 2018 17:13:09 +0530 Wed, 26 Sep 2018 17:13:09 +0530 TaxTMI RSS Generator No Penalty for Highway Depreciation Claim: Bona Fide Conduct u/s 271(1)(c) Saves Assessee from Penalty. https://www.taxtmi.com/highlights?id=41667 Penalty u/s 271(1)(c) - claim of depreciation on the NH-6 constructed by them on built, operate and transfer basis @ 10% - The conduct of the respondent-assessee or examination of facts has been found and held to be bonafide - No penalty. Highlights Income Tax Wed, 26 Sep 2018 17:13:09 +0530 https://www.taxtmi.com/highlights?id=41667