https://www.taxtmi.com/highlights?id=66573 Penalty u/s 271(1)(c) - estimation of income u/s 44AD - addition made on credit summation made by the assessee - revenue had not come out with clear case of suppression of turnover and, penalty had been imposed merely on basis of enhancement of estimated income where impugned penalty would not sustain. - AT en-us Wed, 16 Nov 2022 13:35:24 +0530 Wed, 16 Nov 2022 13:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66573 Penalty u/s 271(1)(c) - estimation of income u/s 44AD - addition made on credit summation made by the assessee - revenue had not come out with clear case of suppression of turnover and, penalty had been imposed merely on basis of enhancement of estimated income where impugned penalty would not sustain. - AT Highlights Income Tax Wed, 16 Nov 2022 13:35:24 +0530 https://www.taxtmi.com/highlights?id=66573