https://www.taxtmi.com/caselaws?id=777795 ITAT SURAT - AT held that penalty under section 271(1)(c) could not be sustained where the income addition was made on an estimated basis, following precedents of the jurisdictional HC and other HCs that disallow penalty in such circumstances. The Tribunal directed the AO to delete the penalty levied under section 271(1)(c) and allowed the appellant's ground, because the facts and nature of the addition mirrored those in the cited High Court decisions. en-us Fri, 29 Aug 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777795 ITAT SURAT - AT held that penalty under section 271(1)(c) could not be sustained where the income addition was made on an estimated basis, following precedents of the jurisdictional HC and other HCs that disallow penalty in such circumstances. The Tribunal directed the AO to delete the penalty levied under section 271(1)(c) and allowed the appellant's ground, because the facts and nature of the addition mirrored those in the cited High Court decisions. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777795