https://www.taxtmi.com/caselaws?id=753800 ITAT held that penalty under section 270A(9)(a)/(c) cannot be sustained and deleted it. The AO's estimate-based disallowance of expenses-despite books, vouchers, bank payments and TDS-did not establish misrepresentation or suppression. CIT(A)/NFAC's invocation of a different limb without issuing a fresh notice deprived the assessee of a proper hearing. Authorities relied on quantum findings without independent examination, and no positive material proved non-incurrence or concealment; appeal allowed and penalty deleted. en-us Thu, 18 Jan 2024 00:00:00 +0530 Mon, 27 Oct 2025 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753800 ITAT held that penalty under section 270A(9)(a)/(c) cannot be sustained and deleted it. The AO's estimate-based disallowance of expenses-despite books, vouchers, bank payments and TDS-did not establish misrepresentation or suppression. CIT(A)/NFAC's invocation of a different limb without issuing a fresh notice deprived the assessee of a proper hearing. Authorities relied on quantum findings without independent examination, and no positive material proved non-incurrence or concealment; appeal allowed and penalty deleted. Case-Laws Income Tax Thu, 18 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753800