ITAT Holds Section 271(1)(c) Penalty Not Leviable for Consequential Depreciation Disallowance:
The ITAT Mumbai held that a bona fide excess depreciation claim arising from subsequent appellate adjustments cannot attract penalty under Section 271(1)(c).
ITAT Mumbai Deletes Rs 61.89 Lakh Penalty
Saloni Kumari
Jun 4, 2026
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ITAT Holds Section 271(1)(c) Penalty Not Leviable for Consequential Depreciation Disallowance
The ITAT Mumbai held that a bona fide excess depreciation claim arising from subsequent appellate adjustments cannot attract penalty under Section 271(1)(c).
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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