https://www.taxtmi.com/caselaws?id=103351 The Tribunal upheld the cancellation of the penalty under section 271(1)(c) as there was insufficient evidence to prove deliberate concealment or furnishing inaccurate particulars of income, especially when the additions were based on estimates without concrete material to support deliberate underestimation. en-us Wed, 03 Apr 2002 00:00:00 +0530 Wed, 22 Feb 2012 14:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103351 The Tribunal upheld the cancellation of the penalty under section 271(1)(c) as there was insufficient evidence to prove deliberate concealment or furnishing inaccurate particulars of income, especially when the additions were based on estimates without concrete material to support deliberate underestimation. Case-Laws Income Tax Wed, 03 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103351