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Penalty u/s 271(1)(c) Not Automatic for Estimated Income Additions; No Concealment or False Information Proven.
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....Penalty u/s 271(1)(c) - the estimated addition does not necessarily indicate that there is concealment of income or furnishing of inaccurate particulars of income on the part of the assessee - no penalty - AT....
TaxTMI
TaxTMI