Section 271(1)(c) Penalty not imposable on Estimated Bogus Purchase Addition

Supertech Construction Company Vs ACIT (ITAT Mumbai)

Case Overview: The case involves an appeal against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi, relating to the Assessment Year 2009-10. The Assessing Officer (AO) had imposed a penalty under Section 271(1)(c) of the Income Tax Act, 1961, which the appellant contested.

Grounds of Appeal: The appellant raised two key grounds of appeal:

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