https://www.taxtmi.com/highlights?id=47417 Penalty u/s 271(1)(c) - addition of peak cash credit - sale and purchase of old vehicles - addition confirmed by the CIT(A) on the basis of estimation/preponderance of possibilities of introducing some unaccounted income into the bank account - there was no reliable or un-rebutted evidences on the file to prove that the assessee had actually furnished inaccurate particulars of income or concealed particulars of his income - no penalty en-us Tue, 25 Jun 2019 07:43:16 +0530 Tue, 25 Jun 2019 07:43:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47417 Penalty u/s 271(1)(c) - addition of peak cash credit - sale and purchase of old vehicles - addition confirmed by the CIT(A) on the basis of estimation/preponderance of possibilities of introducing some unaccounted income into the bank account - there was no reliable or un-rebutted evidences on the file to prove that the assessee had actually furnished inaccurate particulars of income or concealed particulars of his income - no penalty Highlights Income Tax Tue, 25 Jun 2019 07:43:16 +0530 https://www.taxtmi.com/highlights?id=47417