https://www.taxtmi.com/caselaws?id=378230 The ITAT partially allowed the assessee's appeal regarding the addition made on unaccounted sales, directing the A.O. to estimate profit at 15% instead of 22.7%. The ITAT completely allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, leading to the deletion of the penalty on the estimated addition. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 10 Apr 2019 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378230 The ITAT partially allowed the assessee's appeal regarding the addition made on unaccounted sales, directing the A.O. to estimate profit at 15% instead of 22.7%. The ITAT completely allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, leading to the deletion of the penalty on the estimated addition. Case-Laws Income Tax Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378230