https://www.taxtmi.com/caselaws?id=30742 HC upheld ITAT's deletion of penalty under s.271(1)(c), finding additions were made on estimate rather than on evidence of deliberate concealment or inaccurate particulars. Citing HC precedents, the court held that penal provisions do not attach where income is assessed by estimation; estimates alone do not ipso facto establish concealment. Accordingly, the ITAT's order deleting the penalty was affirmed and no substantial question of law arose from that order. en-us Tue, 19 Feb 2008 00:00:00 +0530 Wed, 10 Sep 2025 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30742 HC upheld ITAT's deletion of penalty under s.271(1)(c), finding additions were made on estimate rather than on evidence of deliberate concealment or inaccurate particulars. Citing HC precedents, the court held that penal provisions do not attach where income is assessed by estimation; estimates alone do not ipso facto establish concealment. Accordingly, the ITAT's order deleting the penalty was affirmed and no substantial question of law arose from that order. Case-Laws Income Tax Tue, 19 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30742