2017 (6) TMI 1242

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....ing the appeal of the Assessee and dismissing the appeal of the Revenue. The dispute is about the penalty levied under Section 271 1(c) of the IncomeTax Act. 2 The learned counsel for the Appellant states that it is not the case where additions had been made purely on the estimated basis without reference to any evidence/materials on record. The Assessing Officer, after detail analysis and bringi....