Assessee's failure to maintain regular books leads to Section 145(3) application; no penalty u/s 271(1)(c) for estimated additions.

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....Penalty under section 271(1)(c) - assessee did not maintain regular books of account, and therefore, provisions of section 145(3) were applied and the rates were enhanced by the AO for making estimated addition - It is well settled law that for an estimated addition, no penalty is leviable - AT....