https://www.taxtmi.com/caselaws?id=470677 An unadjudicated contention that a cash-credit addition overlapped with income estimated after rejection of an expense claim requires reasoned appellate determination following an opportunity of hearing. The quantum issue was remitted for disposal by a speaking order. Penalty for concealment is not leviable where the underlying income addition arises solely from estimation of income as a percentage of turnover due to unsubstantiated expenses. Accordingly, the penalty under section 271(1)(c) was deleted, while the quantum controversy requires fresh appellate adjudication. en-us Wed, 13 Nov 2019 00:00:00 +0530 Wed, 05 Aug 2026 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470677 An unadjudicated contention that a cash-credit addition overlapped with income estimated after rejection of an expense claim requires reasoned appellate determination following an opportunity of hearing. The quantum issue was remitted for disposal by a speaking order. Penalty for concealment is not leviable where the underlying income addition arises solely from estimation of income as a percentage of turnover due to unsubstantiated expenses. Accordingly, the penalty under section 271(1)(c) was deleted, while the quantum controversy requires fresh appellate adjudication. Case-Laws Income Tax Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470677