https://www.taxtmi.com/caselaws?id=285167 The Tribunal upheld the disallowance of depreciation claimed on office premises used solely for residential purposes, rejecting the appeal due to lack of evidence supporting business use. Additionally, the Tribunal confirmed the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income related to the depreciation claim, emphasizing the absence of authorized residential use by the director. Both appeals were dismissed, with the order pronounced on October 27, 2010. en-us Wed, 27 Oct 2010 00:00:00 +0530 Tue, 31 Dec 2019 13:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285167 The Tribunal upheld the disallowance of depreciation claimed on office premises used solely for residential purposes, rejecting the appeal due to lack of evidence supporting business use. Additionally, the Tribunal confirmed the penalty imposed under section 271(1)(c) for furnishing inaccurate particulars of income related to the depreciation claim, emphasizing the absence of authorized residential use by the director. Both appeals were dismissed, with the order pronounced on October 27, 2010. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285167