https://www.taxtmi.com/caselaws?id=182606 The ITAT allowed the appeal for statistical purposes and restored the issues back to the AO for fresh adjudication, following precedents where matters were set aside due to the preliminary nature of information and pending challenges to penalties. The decision emphasized providing the assessee with a reasonable opportunity to present their case, aligning with similar cases based on identical facts and ensuring fair proceedings regarding illegal activities and penalties imposed. en-us Mon, 26 Sep 2011 00:00:00 +0530 Mon, 09 Oct 2017 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182606 The ITAT allowed the appeal for statistical purposes and restored the issues back to the AO for fresh adjudication, following precedents where matters were set aside due to the preliminary nature of information and pending challenges to penalties. The decision emphasized providing the assessee with a reasonable opportunity to present their case, aligning with similar cases based on identical facts and ensuring fair proceedings regarding illegal activities and penalties imposed. Case-Laws Income Tax Mon, 26 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182606