https://www.taxtmi.com/caselaws?id=394182 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal regarding penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2010-11. The penalty for disallowance of depreciation on non-existing assets and prior period expenses was deleted, as these additions were previously deleted in the quantum appeal. The penalty for provisions for doubtful debts was upheld by the Tribunal. The Tribunal emphasized that the penalty on provisions for doubtful debts was not justified. en-us Thu, 09 Jan 2020 00:00:00 +0530 Fri, 31 Jul 2026 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394182 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal regarding penalty under section 271(1)(c) of the Income Tax Act for Assessment Year 2010-11. The penalty for disallowance of depreciation on non-existing assets and prior period expenses was deleted, as these additions were previously deleted in the quantum appeal. The penalty for provisions for doubtful debts was upheld by the Tribunal. The Tribunal emphasized that the penalty on provisions for doubtful debts was not justified. Case-Laws Income Tax Thu, 09 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394182