https://www.taxtmi.com/highlights?id=33500 Penalty u/s 271(1)(c) - estimation was not made on the basis of unverifiable transactions but the estimation of income was based on specific transactions carried out fraudulently and proved as bogus with supporting material evidences found in the case of assessee - levy of penalty confirmed - AT en-us Tue, 28 Feb 2017 11:43:00 +0530 Tue, 28 Feb 2017 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33500 Penalty u/s 271(1)(c) - estimation was not made on the basis of unverifiable transactions but the estimation of income was based on specific transactions carried out fraudulently and proved as bogus with supporting material evidences found in the case of assessee - levy of penalty confirmed - AT Highlights Income Tax Tue, 28 Feb 2017 11:43:00 +0530 https://www.taxtmi.com/highlights?id=33500