https://www.taxtmi.com/caselaws?id=348706 The tribunal remanded the penalty issue back to the Assessing Officer for fresh determination under section 271(1)(c) of the Income-tax Act, granting the assessee an opportunity to present additional evidence and address discrepancies in the case. The tribunal emphasized the principles of natural justice, allowing the assessee to raise all contentions and provide necessary evidence for a fair assessment. As a result, the appeal was allowed for statistical purposes, providing the assessee with another chance to effectively challenge the penalty imposition. en-us Mon, 25 Sep 2017 00:00:00 +0530 Tue, 26 Sep 2017 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348706 The tribunal remanded the penalty issue back to the Assessing Officer for fresh determination under section 271(1)(c) of the Income-tax Act, granting the assessee an opportunity to present additional evidence and address discrepancies in the case. The tribunal emphasized the principles of natural justice, allowing the assessee to raise all contentions and provide necessary evidence for a fair assessment. As a result, the appeal was allowed for statistical purposes, providing the assessee with another chance to effectively challenge the penalty imposition. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348706