https://www.taxtmi.com/highlights?id=37657 Penalty u/s 271(1)(c) - Though section 69B is a deeming fiction but in the matter of penalty proceedings, such deeming fiction cannot be extended so as to hold assessee guilty of concealment of income or furnishing of inaccurate particulars when the addition on account of deeming fiction is based on some kind of estimate given by a Govt. Valuer. - AT en-us Mon, 22 Jan 2018 08:50:49 +0530 Mon, 22 Jan 2018 08:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=37657 Penalty u/s 271(1)(c) - Though section 69B is a deeming fiction but in the matter of penalty proceedings, such deeming fiction cannot be extended so as to hold assessee guilty of concealment of income or furnishing of inaccurate particulars when the addition on account of deeming fiction is based on some kind of estimate given by a Govt. Valuer. - AT Highlights Income Tax Mon, 22 Jan 2018 08:50:49 +0530 https://www.taxtmi.com/highlights?id=37657