https://www.taxtmi.com/caselaws?id=331420 Penalty under section 271(1)(c) read with Explanation 5A was not sustained mechanically where the returned income was broadly covered by TDS and advance tax already paid, and the effect of the search-related return under section 153A required reconsideration. The penalty issue was restored to the Assessing Officer for fresh adjudication after giving the assessee an opportunity. The dismissal of the appeal for non-payment of admitted tax was also set aside because TDS credit and actual tax payments needed proper examination. That matter was restored to the appellate authority for a reasoned decision on merits, leaving the substantive tax disputes open. en-us Fri, 08 Jul 2016 00:00:00 +0530 Tue, 23 Aug 2016 14:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331420 Penalty under section 271(1)(c) read with Explanation 5A was not sustained mechanically where the returned income was broadly covered by TDS and advance tax already paid, and the effect of the search-related return under section 153A required reconsideration. The penalty issue was restored to the Assessing Officer for fresh adjudication after giving the assessee an opportunity. The dismissal of the appeal for non-payment of admitted tax was also set aside because TDS credit and actual tax payments needed proper examination. That matter was restored to the appellate authority for a reasoned decision on merits, leaving the substantive tax disputes open. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331420