https://www.taxtmi.com/caselaws?id=169154 The Tribunal ruled in favor of the assessee, holding that the penalties imposed under section 271(1)(c) of the Income-tax Act for the estimated additions of husk value and stock difference were unjustified due to lack of concrete evidence and proper explanation. Consequently, the penalties were deleted, and the appeal was allowed. en-us Tue, 05 Aug 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169154 The Tribunal ruled in favor of the assessee, holding that the penalties imposed under section 271(1)(c) of the Income-tax Act for the estimated additions of husk value and stock difference were unjustified due to lack of concrete evidence and proper explanation. Consequently, the penalties were deleted, and the appeal was allowed. Case-Laws Income Tax Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169154