https://www.taxtmi.com/caselaws?id=787374 Where additions are made solely on estimate without evidence of deliberate concealment, penalty under section 271(1)(c) cannot be sustained; the legal principle applied is that estimate-based quantification of income, unsupported by specific evidence of concealment or inaccurate particulars, does not justify the statutory penalty, and assessment steps under reassessment and regular assessment recording estimation do not by themselves establish concealment, resulting in a decision favourable to the assessee. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787374 Where additions are made solely on estimate without evidence of deliberate concealment, penalty under section 271(1)(c) cannot be sustained; the legal principle applied is that estimate-based quantification of income, unsupported by specific evidence of concealment or inaccurate particulars, does not justify the statutory penalty, and assessment steps under reassessment and regular assessment recording estimation do not by themselves establish concealment, resulting in a decision favourable to the assessee. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787374