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![Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order] Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Penalty-Income-ITAT-taxscan.jpg)
Penalty u/s 271(1)(c) not applicable when Income Computed on Estimated Basis: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that penalty u/s 271(1)(c) is not applicable when income is computed on an estimated...



![Income Tax Appeal not maintainable Insolvency Resolution Proceedings initiated on a Corporate Debtor: ITAT dismisses Appeal [Read Order] Income Tax Appeal not maintainable Insolvency Resolution Proceedings initiated on a Corporate Debtor: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Appeal-Insolvency-Resolution-Proceedings-Corporate-Debtor-ITAT-Appeal-taxscan.jpg)
![Addition of Unaccounted Sales is not sustained in absence of Cogent Material: ITAT [Read Order] Addition of Unaccounted Sales is not sustained in absence of Cogent Material: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/unaccounted-sales-cogent-material-ITAT-taxscan.jpg)
![Excise Duty Exemption is Capital Receipt, neither chargeable to Income Tax nor categorised under Book Profit: ITAT [Read Order] Excise Duty Exemption is Capital Receipt, neither chargeable to Income Tax nor categorised under Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Excise-duty-capital-receipt-Income-tax-book-profit-ITAT-taxscan.jpeg)
![Hospitals need to deduct TDS u/s 194J for Payments to Doctors engaged as Retainers and Consultants: ITAT [Read Order] Hospitals need to deduct TDS u/s 194J for Payments to Doctors engaged as Retainers and Consultants: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Hospitals-TDS-Payments-Doctors-Retainers-Consultants-ITAT-taxscan.jpeg)
![Tax Liability is calculated based on Cost of Acquisition u/s 49(1) When Property acquired as Gift or Will: ITAT [Read Order] Tax Liability is calculated based on Cost of Acquisition u/s 49(1) When Property acquired as Gift or Will: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Tax-liability-cost-acquisition-property-gift-will-ITAT-taxscan.jpg)
![Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order] Debiting Service Tax in Profit and Loss Account cannot be reason for treating that Assessee has not Credited receipts in its Books: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/service-tax-profit-loss-account-assessee-receipts-books-ITAT-taxscan.jpg)
![Relief to Times Internet: Consultation Fee paid to EY Allowable as Expenditure, rules ITAT [Read Order] Relief to Times Internet: Consultation Fee paid to EY Allowable as Expenditure, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Times-Internet-Consultation-Fee-EY-Expenditure-ITAT-Taxscan.jpeg)
![Rent from Unsold Flat by Developer Taxable as Income from House Property: ITAT [Read Order] Rent from Unsold Flat by Developer Taxable as Income from House Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Rent-Unsold-Flat-Developer-Income-from-House-Property-ITAT-Taxsacan.jpg)
![Third Party Statement alone not Incriminating Material for justifying Addition made in Assessment framed u/s 153A: ITAT [Read Order] Third Party Statement alone not Incriminating Material for justifying Addition made in Assessment framed u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Third-party-statement-material-assessment-ITAT-taxscan.jpeg)
![Not All Appellate Orders are Erroneous: ITAT asks Dept to be Careful in Filing Appeals [Read Order] Not All Appellate Orders are Erroneous: ITAT asks Dept to be Careful in Filing Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appellate-Orders-ITAT-Dept-Appeals-taxscan.jpg)
![Cash Book Transactions cannot be Doubted when Opening Balance of Cash stood Explained and Accepted: ITAT [Read Order] Cash Book Transactions cannot be Doubted when Opening Balance of Cash stood Explained and Accepted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Book-Transactions-Opening-Balance-Cash-ITAT-taxscan.jpeg)