https://www.taxtmi.com/caselaws?id=408758 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty under section 271(1)(c) by the learned Commissioner (Appeals). The judgment emphasized the need for concrete evidence to establish concealment of income or furnishing inaccurate particulars for penalty imposition, particularly when additions are made on an estimate basis without substantiated proof. en-us Thu, 10 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 09:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408758 The Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty under section 271(1)(c) by the learned Commissioner (Appeals). The judgment emphasized the need for concrete evidence to establish concealment of income or furnishing inaccurate particulars for penalty imposition, particularly when additions are made on an estimate basis without substantiated proof. Case-Laws Income Tax Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408758