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Income Tax | Presumptive Assessment Sustains Concealment Penalty but Defeats Books Penalty: ITAT Nagpur

25 Sept 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Nagpur upheld the ₹67,153 concealment penalty but deleted the books of account penalty after income was assessed under section 44AD. The post Presumptive Assessment Sustains Concealment Penalty but Defeats Books Penalty: ITAT Nagpur appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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