https://www.taxtmi.com/caselaws?id=417217 The Tribunal partly allowed the appeal filed by the assessee, setting aside the Ld. Principal CIT's order on the issue of estimation of income and allowance of depreciation and interest expenditure. The Tribunal upheld the observations made by the Ld. Principal CIT regarding the dropping of penalty proceedings under Section 271A. en-us Wed, 05 Jan 2022 00:00:00 +0530 Tue, 18 Jan 2022 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417217 The Tribunal partly allowed the appeal filed by the assessee, setting aside the Ld. Principal CIT's order on the issue of estimation of income and allowance of depreciation and interest expenditure. The Tribunal upheld the observations made by the Ld. Principal CIT regarding the dropping of penalty proceedings under Section 271A. Case-Laws Income Tax Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417217