2025 (6) TMI 237

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....sra, Sr. DR ORDER PER MADHUMITA ROY, JM: The instant appeal filed by the assessee is directed against the order dated 18.10.2024 passed by the Ld. CIT(A)-27, New Delhi, arising out of the order dated 25.09.2023 passed by the DCIT, Central Circle - 17, New Delhi, under Section 274 r.w.s 270A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for Assessment Year 2017-18. ....

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....ciple of law that penalty cannot be levied on the addition based on estimation. In this regard he has relied upon few judicial pronouncements along with order passed by the Coordinate Bench dated 15.01.2025 wherein order imposing penalty on the basis of addition made on estimation having been found unsustainable in the eyes of law a copy whereof has duly been submitted before us. The ld. DR on ....