https://www.taxtmi.com/caselaws?id=3789 The High Court upheld the Tribunal's decision, emphasizing that penalties under Section 271(1)(c) cannot be levied when additions are made on an estimated basis, as established by previous judgments. The appeals filed by the Revenue were dismissed based on this settled proposition of law. en-us Wed, 12 Mar 2008 00:00:00 +0530 Sun, 27 Jul 2008 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3789 The High Court upheld the Tribunal's decision, emphasizing that penalties under Section 271(1)(c) cannot be levied when additions are made on an estimated basis, as established by previous judgments. The appeals filed by the Revenue were dismissed based on this settled proposition of law. Case-Laws Income Tax Wed, 12 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3789