Tribunal held that when the addition is made on estimated basis, levy of penalty is not valid. (AY. 2009-10)
Grand Prix Engg. Pvt Ltd v. Dy.CIT (2022) 95 ITR 505(Delhi)(Trib)
S. 271(1)(c) : Penalty-Concealment-Bogus purchases-Income estimated of 30% of purchases-Levy of penalty is held to be not valid.