https://www.taxtmi.com/caselaws?id=753495 The Tribunal allowed the appeal, deleting the penalty imposed u/s. 271(1)(c) of the Income-tax Act, as the addition was based on estimation without clear proof of concealment or inaccurate particulars. The penalty was deemed unjustified, and the legal issue concerning the defective notice for initiating penalty proceedings was left open. en-us Fri, 31 May 2024 00:00:00 +0530 Tue, 04 Jun 2024 08:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753495 The Tribunal allowed the appeal, deleting the penalty imposed u/s. 271(1)(c) of the Income-tax Act, as the addition was based on estimation without clear proof of concealment or inaccurate particulars. The penalty was deemed unjustified, and the legal issue concerning the defective notice for initiating penalty proceedings was left open. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753495