Penalty u/s 271(1)(c) Overturned: Revenue Fails to Prove Turnover Suppression, Penalty Deemed Unsustainable.

Penalty u/s 271(1)(c) - estimation of income u/s 44AD - addition made on credit summation made by the assessee - revenue had not come out with clear case of suppression of turnover and, penalty had been imposed merely on basis of enhancement of estimated income where impugned penalty would not sustain. - AT .....

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