https://www.taxtmi.com/caselaws?id=357902 The Tribunal allowed the appeal, ruling in favor of the assessee. The penalty levied by the Assessing Officer was deleted as the main addition leading to the penalty had been removed. The Tribunal found the penalty on disallowed commission payments to be invalid and noted that penalties cannot be imposed on estimation basis alone. Consequently, the appeal was allowed, and the penalty was deleted. en-us Fri, 09 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357902 The Tribunal allowed the appeal, ruling in favor of the assessee. The penalty levied by the Assessing Officer was deleted as the main addition leading to the penalty had been removed. The Tribunal found the penalty on disallowed commission payments to be invalid and noted that penalties cannot be imposed on estimation basis alone. Consequently, the appeal was allowed, and the penalty was deleted. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357902