https://www.taxtmi.com/caselaws?id=407558 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s order and directing the AO to cancel the penalty imposed under Section 271(1)(c) of the Income Tax Act. The penalty was deleted as the Tribunal found that the delay in filing the appeal was justified due to circumstances beyond the assessee's control, and the penalty on estimated additions was not justified as there was no concrete evidence of concealment of income or furnishing inaccurate particulars. en-us Mon, 03 May 2021 00:00:00 +0530 Fri, 14 May 2021 08:33:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407558 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s order and directing the AO to cancel the penalty imposed under Section 271(1)(c) of the Income Tax Act. The penalty was deleted as the Tribunal found that the delay in filing the appeal was justified due to circumstances beyond the assessee's control, and the penalty on estimated additions was not justified as there was no concrete evidence of concealment of income or furnishing inaccurate particulars. Case-Laws Income Tax Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407558