https://www.taxtmi.com/caselaws?id=264908 The ITAT allowed the revenue's appeal for statistical purposes, directing the AO to decide the penalty proceedings after considering the outcomes of the quantum proceedings and without prejudice from previous penalty and appellate orders. The issues regarding the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, for claiming excess and incorrect deductions were deemed debatable and pending further examination by different authorities. The ITAT emphasized the lack of finality in the quantum proceedings and set aside the penalty for fresh adjudication based on the decisions of judicial authorities. en-us Wed, 05 Aug 2015 00:00:00 +0530 Sun, 04 Oct 2015 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264908 The ITAT allowed the revenue's appeal for statistical purposes, directing the AO to decide the penalty proceedings after considering the outcomes of the quantum proceedings and without prejudice from previous penalty and appellate orders. The issues regarding the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, for claiming excess and incorrect deductions were deemed debatable and pending further examination by different authorities. The ITAT emphasized the lack of finality in the quantum proceedings and set aside the penalty for fresh adjudication based on the decisions of judicial authorities. Case-Laws Income Tax Wed, 05 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264908