https://www.taxtmi.com/caselaws?id=772124 Penalty under section 270A cannot be sustained where the underlying addition is made purely on estimation of income, because an estimated adjustment does not by itself establish concealment or misreporting with the requisite certainty. The Tribunal followed the coordinate bench view in the assessee's own case on the same point and quashed the penalty. en-us Fri, 30 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772124 Penalty under section 270A cannot be sustained where the underlying addition is made purely on estimation of income, because an estimated adjustment does not by itself establish concealment or misreporting with the requisite certainty. The Tribunal followed the coordinate bench view in the assessee's own case on the same point and quashed the penalty. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772124