https://www.taxtmi.com/caselaws?id=786836 Penalty for concealment or furnishing inaccurate particulars is not leviable solely because income additions are estimated. Where alleged bogus-purchase additions are determined on an estimated percentage and lack concrete evidence of concealed income, the estimation does not by itself establish the conditions for penalty under section 271(1)(c). The appellate deletion of penalty is consistent with the principle that estimate-based additions, without independent evidence of concealment, cannot support concealment penalty. en-us Wed, 18 Feb 2026 00:00:00 +0530 Fri, 20 Feb 2026 08:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786836 Penalty for concealment or furnishing inaccurate particulars is not leviable solely because income additions are estimated. Where alleged bogus-purchase additions are determined on an estimated percentage and lack concrete evidence of concealed income, the estimation does not by itself establish the conditions for penalty under section 271(1)(c). The appellate deletion of penalty is consistent with the principle that estimate-based additions, without independent evidence of concealment, cannot support concealment penalty. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786836