https://www.taxtmi.com/caselaws?id=799491 Estimated disallowances of alleged inflated purchases, where the extent of inflation is unproved, do not by themselves establish concealment for penalty under section 271(1)(c); penalty deletions were sustained. Documentary support for purchase claims, including invoices, vehicle details and ledgers, prevents their characterisation as wholly unsubstantiated expenditure for misreporting under section 270A(9)(c), although the taxpayer's explanation did not qualify for the section 270A(6) exception; penalty deletions were sustained. A separate section 271AAC penalty on cash received back from suppliers does not preclude a section 270A penalty absent a one-to-one correlation with the estimated purchase-inflation addition. en-us Mon, 19 Jan 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799491 Estimated disallowances of alleged inflated purchases, where the extent of inflation is unproved, do not by themselves establish concealment for penalty under section 271(1)(c); penalty deletions were sustained. Documentary support for purchase claims, including invoices, vehicle details and ledgers, prevents their characterisation as wholly unsubstantiated expenditure for misreporting under section 270A(9)(c), although the taxpayer's explanation did not qualify for the section 270A(6) exception; penalty deletions were sustained. A separate section 271AAC penalty on cash received back from suppliers does not preclude a section 270A penalty absent a one-to-one correlation with the estimated purchase-inflation addition. Case-Laws Income Tax Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799491