https://www.taxtmi.com/caselaws?id=789581 Income could be estimated at 0.40% of gross sales where the assessee operated as a pass-through entity with a thin commission margin and its earlier year had shown a similar gross profit pattern; applying the same factual approach, the Tribunal upheld that estimate and granted partial relief on the quantum addition. Penalty for furnishing inaccurate particulars did not survive once the addition was substantially reduced on estimation, because the assessment did not rest on a distinct finding of concealment or deliberate inaccuracy. The penalty was deleted. en-us Wed, 08 Apr 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789581 Income could be estimated at 0.40% of gross sales where the assessee operated as a pass-through entity with a thin commission margin and its earlier year had shown a similar gross profit pattern; applying the same factual approach, the Tribunal upheld that estimate and granted partial relief on the quantum addition. Penalty for furnishing inaccurate particulars did not survive once the addition was substantially reduced on estimation, because the assessment did not rest on a distinct finding of concealment or deliberate inaccuracy. The penalty was deleted. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789581