ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim:

ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT Pune restored the Rs 1.73 crore penalty after ruling that the Rs 5.60 crore payment to a retiring partner was capital expenditure and not a revenue expense.

ITAT Pune Restores Rs 1.73 Crore Penalty

authorVanshika vermadateSep 8, 2026
Last update on Sep 7, 2026
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ITAT Restores Rs 1.73 Crore Penalty Under Section 271(1)(c) Over Rs 5.60 Crore Development Expense Claim

ITAT Pune restored the Rs 1.73 crore penalty after ruling that the Rs 5.60 crore payment to a retiring partner was capital expenditure and not a revenue expense.

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
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