Dismissing the appeal of the revenue the Tribunal held that ,when the assessment is based on estimate which was partially reduced at appellate stage deletion of penalty is held to be not justified ( AY.2007 -08)
ACIT v. Eagle Theatres. (2018) 65 ITR 3 (SN) (Delhi) (Trib)
S. 271(1)(c) : Penalty – Concealment – Assessment based on estimate which was partially reduced at appellate stage – Levy of penalty is held to be not justified