https://www.taxtmi.com/caselaws?id=366884 The Tribunal dismissed both appeals (ITA No. 2131/DEL/2015 and ITA No. 2132/DEL/2015) concerning an appeal against an order by CIT (A) and a penalty under section 271(1)(c) of the Income Tax Act, 1961. The quashing of the order u/s 263 by the Tribunal rendered the assessment and penalty proceedings irrelevant. As there were no pending appeals in the High Court, both appeals were dismissed, providing relief to the assessee. The Tribunal emphasized that the quashed order u/s 263 eliminated the basis for the subsequent proceedings, leading to the dismissal of the appeals. en-us Fri, 07 Sep 2018 00:00:00 +0530 Wed, 12 Sep 2018 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366884 The Tribunal dismissed both appeals (ITA No. 2131/DEL/2015 and ITA No. 2132/DEL/2015) concerning an appeal against an order by CIT (A) and a penalty under section 271(1)(c) of the Income Tax Act, 1961. The quashing of the order u/s 263 by the Tribunal rendered the assessment and penalty proceedings irrelevant. As there were no pending appeals in the High Court, both appeals were dismissed, providing relief to the assessee. The Tribunal emphasized that the quashed order u/s 263 eliminated the basis for the subsequent proceedings, leading to the dismissal of the appeals. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366884