https://www.taxtmi.com/caselaws?id=400249 The Tribunal allowed the appeals against penalty orders for A.Y 2010-11 and A.Y 2011-12, stating that penalties cannot be imposed on estimated income where additions were sustained on an estimated basis. Emphasizing natural justice principles, the Tribunal directed the deletion of penalties, stressing procedural fairness and consistency in penalty imposition based on estimated income. en-us Tue, 29 Sep 2020 00:00:00 +0530 Mon, 02 Nov 2020 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400249 The Tribunal allowed the appeals against penalty orders for A.Y 2010-11 and A.Y 2011-12, stating that penalties cannot be imposed on estimated income where additions were sustained on an estimated basis. Emphasizing natural justice principles, the Tribunal directed the deletion of penalties, stressing procedural fairness and consistency in penalty imposition based on estimated income. Case-Laws Income Tax Tue, 29 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400249