https://www.taxtmi.com/caselaws?id=332434 The Tribunal allowed the assessee's appeals and deleted penalties imposed for various issues, emphasizing that penalties under section 271(1)(c) are not justified when additions are based on estimates or bona fide errors. The Tribunal referenced High Court and Supreme Court judgments to support its decision. en-us Fri, 05 Aug 2016 00:00:00 +0530 Fri, 16 Sep 2016 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332434 The Tribunal allowed the assessee's appeals and deleted penalties imposed for various issues, emphasizing that penalties under section 271(1)(c) are not justified when additions are based on estimates or bona fide errors. The Tribunal referenced High Court and Supreme Court judgments to support its decision. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332434