Held that Estimation of profit by the Assessing Officer cannot justify Levy of penalty. (AY. 2013-14)
V. B. Builders v. Dy. CIT (2021) 90 ITR 4 (SN) (Delhi)(Trib.)
S. 271(1)(c) : Penalty-Concealment-Builder-Estimation of profit-Levy of penalty was held to be not justified.