https://www.taxtmi.com/caselaws?id=411267 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, stating that penalties are not applicable when additions are based on estimates without conclusive proof of wrongdoing. The Revenue's appeal contesting the penalty deletion was dismissed due to insufficient evidence. en-us Thu, 08 Jul 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411267 The Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, stating that penalties are not applicable when additions are based on estimates without conclusive proof of wrongdoing. The Revenue's appeal contesting the penalty deletion was dismissed due to insufficient evidence. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411267