https://www.taxtmi.com/caselaws?id=306024 The Tribunal partly allowed the appeal. The penalty for claiming depreciation on let-out properties was upheld as it constituted concealment of income. However, the penalty related to the reversal of warranty provisions was deleted as the explanation regarding pending appeals for certain years was found to be factual. The order was pronounced on 18th August 2017 at Chennai. en-us Fri, 18 Aug 2017 00:00:00 +0530 Fri, 06 Jan 2023 09:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306024 The Tribunal partly allowed the appeal. The penalty for claiming depreciation on let-out properties was upheld as it constituted concealment of income. However, the penalty related to the reversal of warranty provisions was deleted as the explanation regarding pending appeals for certain years was found to be factual. The order was pronounced on 18th August 2017 at Chennai. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306024