An ad hoc estimation made by the Assessing Officer restricting the profit element in purchases.
Last updated: 02 March 2021
Court :
ITAT Mumbai
Brief :
This appeal is filed by the Revenue against the order of Learned Commissioner of Income Tax (Appeals)–12, Mumbai [hereinafter in short“Ld.CIT(A)”] dated 27.06.2018 for the A.Y. 2011-12 in deleting the penalty levied u/s. 271(1)(c) of the Act made by the Assessing Officer.
Citation :
ITA 5389/MUM/2018
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