https://www.taxtmi.com/caselaws?id=169819 The Tribunal set aside the penalty levy under Section 271(1)(c) as the Assessing Officer (AO) failed to examine relevant persons and apply his mind to the case. The Supreme Court remitted the matter to the AO for fresh consideration, directing assessment of the assessee's past income tax returns for determining the correctness of initiating penalty proceedings. The Court did not express any opinion on the case's merits and left all contentions open, with no costs awarded. en-us Tue, 02 Feb 2010 00:00:00 +0530 Mon, 11 May 2015 12:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169819 The Tribunal set aside the penalty levy under Section 271(1)(c) as the Assessing Officer (AO) failed to examine relevant persons and apply his mind to the case. The Supreme Court remitted the matter to the AO for fresh consideration, directing assessment of the assessee's past income tax returns for determining the correctness of initiating penalty proceedings. The Court did not express any opinion on the case's merits and left all contentions open, with no costs awarded. Case-Laws Income Tax Tue, 02 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169819