https://www.taxtmi.com/caselaws?id=795139 Penalty for concealment or furnishing inaccurate particulars was not leviable where the addition for alleged bogus purchases was ultimately sustained on an ad hoc estimated basis. The reduction of the addition through successive stages demonstrated its estimated nature. Consistent coordinate-bench decisions treated estimated additions, without distinguishing facts or contrary subsequent authority, as insufficient by themselves to support penalty. Applying judicial discipline and consistency, the penalty under section 271(1)(c) was deleted. en-us Mon, 13 Jul 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795139 Penalty for concealment or furnishing inaccurate particulars was not leviable where the addition for alleged bogus purchases was ultimately sustained on an ad hoc estimated basis. The reduction of the addition through successive stages demonstrated its estimated nature. Consistent coordinate-bench decisions treated estimated additions, without distinguishing facts or contrary subsequent authority, as insufficient by themselves to support penalty. Applying judicial discipline and consistency, the penalty under section 271(1)(c) was deleted. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795139