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No Penalty Applicable when assessee has not claimed any benefit of carry forward of losses: ITAT

Depreciation to be allowed even when asset is acquired as a Gift: ITAT

Penalty cannot survive with respect to additions which have been deleted: ITAT

ITAT deletes addition made u/s 68 where the source of fund is not doubted by the Assessing Officer

ITAT allows payment of administrative service charges to TACO
