https://www.taxtmi.com/caselaws?id=35326 HC dismissed the appeal and upheld imposition of penalty under s.271(1)(c) of Rs.36,41,003 against the assessee. The Court found the Tribunal's factual conclusion-that profit was estimated after rejection of books and particulars were inaccurate-was not perverse and did not raise any substantial question of law. Consequently, there was no interference with the Tribunal's order and the appeal was dismissed. en-us Mon, 25 Jan 2010 00:00:00 +0530 Mon, 01 Sep 2025 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35326 HC dismissed the appeal and upheld imposition of penalty under s.271(1)(c) of Rs.36,41,003 against the assessee. The Court found the Tribunal's factual conclusion-that profit was estimated after rejection of books and particulars were inaccurate-was not perverse and did not raise any substantial question of law. Consequently, there was no interference with the Tribunal's order and the appeal was dismissed. Case-Laws Income Tax Mon, 25 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35326