TMI BlogPenalty u/s. 270A - GP estimation - underreporting of income - The AO failed to prove underreporting,...Penalty u/s. 270A - GP estimation - underreporting of income - The AO failed to prove underreporting, and the penalty for underreporting of income u/s 270A cannot be imposed based on an estimate. As the addition was made on GP estimation, the penalty is not maintainable, and the AO directed to delete it. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
