Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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No Penalty can be Imposed u/s 271(1)(c) When Income Addition is based on Estimation: ITAT
Income TaxOther Legal Matters
The ITAT has ruled that no penalty can be imposed under Section 69C when income addition is based on estimation. The tribunal emphasized the need for clear evidence of unexplained expenditure. This decision protects taxpayers from unwarranted penalties. The ruling clarifies the application of Section 69C penalties.
