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![Income Tax: No Penalty where Addition is made on Estimated Basis, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-No-Penalty-Addition-ITAT-Taxscan.jpg "Income Tax: No Penalty where Addition is made on Estimated Basis, rules ITAT [Read Order]")
Income Tax: No Penalty where Addition is made on Estimated Basis, rules ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) recently ruled that no penalty where addition is made on an estimated basis. M/s. V. K....
![ITAT upholds Addition of 12.5% for taking Bills without Delivery of Goods [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Addition-Search-ITAT-Taxscan.jpg "ITAT upholds Addition of 12.5% for taking Bills without Delivery of Goods [Read Order]")