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2018 (11) TMI 1889 - AT - Income TaxPenalty u/s. 271(1)(c) - Addition of commission as well as the expenses on an estimate basis which was further reduced by the Ld.CIT(A) - HELD THAT:- None of the authorities below have conclusively proved that there is neither concealment of income nor furnishing of inaccurate particulars by the assessee. It is only a mere disallowance of expenses on estimates on an adhoc basis. Penalty u/s.271(1)(c) of the Act is not attracted when there is an adhoc estimation of disallowance of expenses. Hence, we direct the Assessing Officer to delete the penalty levied U/s. 271(1)(c) of the Act. This ground is allowed.
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