https://www.taxtmi.com/caselaws?id=237703 The High Court dismissed the Revenue's appeal against the assessment order. The CIT (Appeals) canceled the penalty imposed by the Assessing Officer, which was based on an assessment set aside for a fresh assessment by the ITAT. The ITAT upheld the cancellation of the penalty and granted liberty to initiate fresh penalty proceedings, contingent on success in appeal before the High Court. However, since the High Court also dismissed the appeal, the present appeal by the department was deemed infructuous and dismissed. en-us Mon, 18 Mar 2013 00:00:00 +0530 Sat, 05 Oct 2013 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237703 The High Court dismissed the Revenue's appeal against the assessment order. The CIT (Appeals) canceled the penalty imposed by the Assessing Officer, which was based on an assessment set aside for a fresh assessment by the ITAT. The ITAT upheld the cancellation of the penalty and granted liberty to initiate fresh penalty proceedings, contingent on success in appeal before the High Court. However, since the High Court also dismissed the appeal, the present appeal by the department was deemed infructuous and dismissed. Case-Laws Income Tax Mon, 18 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237703