https://www.taxtmi.com/caselaws?id=361867 The Income Tax Appellate Tribunal remanded the case to the Commissioner of Income Tax (Appeals) for fresh adjudication due to the interconnection between the penalty and the disallowed expenses, which were under appeal. The CIT(A) was instructed to consider a Delhi High Court judgment and a CBDT Circular while reevaluating the penalty issue in line with the quantum appeal's resolution. The appeals were allowed for statistical purposes, emphasizing the need for a reconsideration of the penalty in light of the quantum appeal's outcome and legal precedents. en-us Wed, 13 Jun 2018 00:00:00 +0530 Thu, 14 Jun 2018 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361867 The Income Tax Appellate Tribunal remanded the case to the Commissioner of Income Tax (Appeals) for fresh adjudication due to the interconnection between the penalty and the disallowed expenses, which were under appeal. The CIT(A) was instructed to consider a Delhi High Court judgment and a CBDT Circular while reevaluating the penalty issue in line with the quantum appeal's resolution. The appeals were allowed for statistical purposes, emphasizing the need for a reconsideration of the penalty in light of the quantum appeal's outcome and legal precedents. Case-Laws Income Tax Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361867