https://www.taxtmi.com/caselaws?id=374297 The Tribunal allowed the appeal against the penalty order under section 271(1)(c) of the Income-tax Act, 1961, citing inadequate opportunity of being heard and non-receipt of notices. The assessment under section 144/147 was set aside due to hasty assessment without proper reasons for reopening, with the case remanded for a fresh decision after providing the assessee with a fair hearing. The non-appearance of the assessee during proceedings and lack of adequate hearing opportunities were highlighted, leading to the setting aside of both assessment and penalty proceedings for a new decision with proper hearing procedures. en-us Thu, 24 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374297 The Tribunal allowed the appeal against the penalty order under section 271(1)(c) of the Income-tax Act, 1961, citing inadequate opportunity of being heard and non-receipt of notices. The assessment under section 144/147 was set aside due to hasty assessment without proper reasons for reopening, with the case remanded for a fresh decision after providing the assessee with a fair hearing. The non-appearance of the assessee during proceedings and lack of adequate hearing opportunities were highlighted, leading to the setting aside of both assessment and penalty proceedings for a new decision with proper hearing procedures. Case-Laws Income Tax Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374297