https://www.taxtmi.com/caselaws?id=189295 The ITAT allowed the appeal in ITA no.7524/Mum./2011 due to genuine reasons for the delay in filing, admitting the appeal for hearing on merit. In relation to disallowances and additions made by the Assessing Officer, the ITAT directed a denovo assessment by the Assessing Officer considering additional evidence provided by the assessee. The penalty imposed under section 271(1)(c) was set aside by the ITAT in ITA no.7309/Mum./2011 as the basis for the penalty ceased to exist after the matter was sent back for reassessment. en-us Fri, 29 Jan 2016 00:00:00 +0530 Thu, 05 Jan 2017 10:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189295 The ITAT allowed the appeal in ITA no.7524/Mum./2011 due to genuine reasons for the delay in filing, admitting the appeal for hearing on merit. In relation to disallowances and additions made by the Assessing Officer, the ITAT directed a denovo assessment by the Assessing Officer considering additional evidence provided by the assessee. The penalty imposed under section 271(1)(c) was set aside by the ITAT in ITA no.7309/Mum./2011 as the basis for the penalty ceased to exist after the matter was sent back for reassessment. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189295