https://www.taxtmi.com/caselaws?id=177933 The High Court partially allowed the Tax Appeal, quashed the Tribunal's order canceling the penalty under section 271(1)(c) of the Act, and remanded the proceedings for fresh consideration. The Court found that the Tribunal's decision was not supported by the facts on record as the revised return was filed after the Income Tax Department issued a notice under section 143(2) of the Act. Both parties were granted the opportunity to be heard in the fresh proceedings. en-us Tue, 28 Jun 2011 00:00:00 +0530 Fri, 22 Jan 2016 12:04:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177933 The High Court partially allowed the Tax Appeal, quashed the Tribunal's order canceling the penalty under section 271(1)(c) of the Act, and remanded the proceedings for fresh consideration. The Court found that the Tribunal's decision was not supported by the facts on record as the revised return was filed after the Income Tax Department issued a notice under section 143(2) of the Act. Both parties were granted the opportunity to be heard in the fresh proceedings. Case-Laws Income Tax Tue, 28 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177933