No penalty if assessee withdrew dep. claim on intangible assessee in subsequent search proceedings; SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's order holding that section 32 covered certain intangible assets for depreciation and, thus, claim raised by assessee being a plausible claim, mere fact that same was withdrawn during subsequent search proceedings would not give rise to penalty under section 271(1)(C) SLP filed against said order was to be dismissed

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