Penalty u/s 271(1)(c) Overturned Due to Lack of Evidence; No Malicious Intent Proven by Assessing Officer.

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....Penalty u/s 271(1)(c) - Penalty in dispute has been imposed is purely on estimation basis and the Assessing Officer has not brought any material on record to establish any mala fide intention of the assessee to evade tax - no penalty - AT....