https://www.taxtmi.com/caselaws?id=263553 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to jurisdictional issues and the pending quantum appeal before the High Court. The Tribunal emphasized that the penalty issue was debatable and directed the Assessing Officer to reconsider the penalty after the High Court's decision on the quantum appeal, ensuring the assessee's right to be heard. The appeals by the assessee were allowed for statistical purposes. en-us Wed, 26 Aug 2015 00:00:00 +0530 Sat, 05 Sep 2015 11:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263553 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to jurisdictional issues and the pending quantum appeal before the High Court. The Tribunal emphasized that the penalty issue was debatable and directed the Assessing Officer to reconsider the penalty after the High Court's decision on the quantum appeal, ensuring the assessee's right to be heard. The appeals by the assessee were allowed for statistical purposes. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263553