https://www.taxtmi.com/caselaws?id=215614 The Tribunal granted partial relief in the quantum appeal by correcting sales estimation discrepancies and remanding expenditure and sales tax deduction issues for fresh examination. In the penalty appeal, the Tribunal deleted the penalty imposed under Section 158BFA(2), considering the bona fide belief of the assessee and the discretionary nature of the penalty provision, especially in light of pending appeals and substantial legal questions. en-us Fri, 15 Jun 2012 00:00:00 +0530 Sat, 04 Aug 2012 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215614 The Tribunal granted partial relief in the quantum appeal by correcting sales estimation discrepancies and remanding expenditure and sales tax deduction issues for fresh examination. In the penalty appeal, the Tribunal deleted the penalty imposed under Section 158BFA(2), considering the bona fide belief of the assessee and the discretionary nature of the penalty provision, especially in light of pending appeals and substantial legal questions. Case-Laws Income Tax Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215614