https://www.taxtmi.com/caselaws?id=373765 The Tribunal held that the penalties imposed by the AO were unsustainable as penalty proceedings should have been initiated and levied by the CIT(A) for the additions made by him. The penalties for estimated additions and disallowances were deemed unjustified. Therefore, the Tribunal ordered the deletion of the penalties, ruling in favor of the assessee. en-us Fri, 05 Oct 2018 00:00:00 +0530 Sat, 19 Jan 2019 07:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373765 The Tribunal held that the penalties imposed by the AO were unsustainable as penalty proceedings should have been initiated and levied by the CIT(A) for the additions made by him. The penalties for estimated additions and disallowances were deemed unjustified. Therefore, the Tribunal ordered the deletion of the penalties, ruling in favor of the assessee. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373765