https://www.taxtmi.com/caselaws?id=464807 ITAT MUMBAI affirmed deletion of penalty under s.271(1)(c), noting the quantum addition was finally estimated at Rs.20 lakh and that no higher authority has reversed that Tribunal order. Because the addition rests on an estimate, the impugned penalty was held not to survive and the assessee's appeal was allowed. en-us Wed, 10 Oct 2018 00:00:00 +0530 Sat, 15 Nov 2025 15:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464807 ITAT MUMBAI affirmed deletion of penalty under s.271(1)(c), noting the quantum addition was finally estimated at Rs.20 lakh and that no higher authority has reversed that Tribunal order. Because the addition rests on an estimate, the impugned penalty was held not to survive and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464807