https://www.taxtmi.com/highlights?id=64400 Penalty u/s. 271(1)(c) - the addition made in the impugned case on account of excess depreciation claimed, having been surrendered by the assessee itself without any prior detection by the Revenue, the excess claim having been demonstrated to have been made for bonafide reasons, it is surely not a case for levy of penalty at all. - AT en-us Mon, 04 Jul 2022 09:08:21 +0530 Mon, 04 Jul 2022 09:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64400 Penalty u/s. 271(1)(c) - the addition made in the impugned case on account of excess depreciation claimed, having been surrendered by the assessee itself without any prior detection by the Revenue, the excess claim having been demonstrated to have been made for bonafide reasons, it is surely not a case for levy of penalty at all. - AT Highlights Income Tax Mon, 04 Jul 2022 09:08:21 +0530 https://www.taxtmi.com/highlights?id=64400