https://www.taxtmi.com/highlights?id=56330 Levy of penalty u/s 271AAA - concealed income on account of excess claim of depreciation - A.O has merely mentioned one line imported from section 271(1)(c) of the Act which in the instant case is not applicable on the assessee. On going through the above reproduced defective notice we find that similar notice was issued to another group concern of the assessee wherein penalty u/s 271AAA of the Act was deleted by this Tribunal. - Penalty deleted - AT en-us Fri, 15 Jan 2021 11:07:40 +0530 Fri, 15 Jan 2021 11:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56330 Levy of penalty u/s 271AAA - concealed income on account of excess claim of depreciation - A.O has merely mentioned one line imported from section 271(1)(c) of the Act which in the instant case is not applicable on the assessee. On going through the above reproduced defective notice we find that similar notice was issued to another group concern of the assessee wherein penalty u/s 271AAA of the Act was deleted by this Tribunal. - Penalty deleted - AT Highlights Income Tax Fri, 15 Jan 2021 11:07:40 +0530 https://www.taxtmi.com/highlights?id=56330