https://www.taxtmi.com/caselaws?id=417930 The Tribunal condoned the delay in filing the appeal and ruled that the penalty under Section 271(1)(c) was not justified for disallowances made on an estimated basis without concrete evidence of concealment or inaccurate particulars. The appeal was allowed, and the penalty was canceled. en-us Wed, 02 Feb 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:02:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417930 The Tribunal condoned the delay in filing the appeal and ruled that the penalty under Section 271(1)(c) was not justified for disallowances made on an estimated basis without concrete evidence of concealment or inaccurate particulars. The appeal was allowed, and the penalty was canceled. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417930