https://www.taxtmi.com/caselaws?id=380277 The High Court dismissed the appeal under Section 260A of the Income Tax Act filed by the Revenue against a penalty. The court upheld the decisions of the CIT (Appeals) and the Tribunal, ruling that the assessee did not furnish inaccurate particulars of income as the claim of depreciation was made in good faith without any intention to evade tax. The Tribunal found no concealment or inaccuracy in the assessee's filings, leading to the dismissal of the appeal without costs. en-us Mon, 03 Dec 2018 00:00:00 +0530 Fri, 17 May 2019 09:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380277 The High Court dismissed the appeal under Section 260A of the Income Tax Act filed by the Revenue against a penalty. The court upheld the decisions of the CIT (Appeals) and the Tribunal, ruling that the assessee did not furnish inaccurate particulars of income as the claim of depreciation was made in good faith without any intention to evade tax. The Tribunal found no concealment or inaccuracy in the assessee's filings, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380277