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Penalty Cannot Be Imposed on Estimated Bogus Purchase Addition: ITAT Surat

26 Aug 2026 · 26 Aug 2026By CA Sandeep Kanoi

ITAT Surat deletes ₹37.30 lakh penalty under Section 271(1)(c), holding penalty unsustainable where bogus purchase addition was ultimately based on estimation. The post Penalty Cannot Be Imposed on Estimated Bogus Purchase Addition: ITAT Surat appeared first on TaxGuru .

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