https://www.taxtmi.com/caselaws?id=278545 The Tribunal allowed the appeal, directing the AO to delete the penalty imposed on the assessee. The decision was based on the invalidity of the notice issued and the lack of justification for penalty imposition due to the corrected disallowance of depreciation. The judgment was pronounced on 10th October 2017, in favor of the assessee. en-us Tue, 10 Oct 2017 00:00:00 +0530 Tue, 12 Feb 2019 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278545 The Tribunal allowed the appeal, directing the AO to delete the penalty imposed on the assessee. The decision was based on the invalidity of the notice issued and the lack of justification for penalty imposition due to the corrected disallowance of depreciation. The judgment was pronounced on 10th October 2017, in favor of the assessee. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278545