https://www.taxtmi.com/caselaws?id=374364 The Appellate Tribunal ITAT Ahmedabad allowed the Assessee's appeal against the penalty order under Section 271(1)(c) of the Income Tax Act, 1961 for AY 2009-10. The Tribunal set aside the CIT(A)'s decision to sustain the penalty, remanding the case for fresh consideration in light of the quantum appeal outcome. The judgment highlighted the necessity of a valid basis for penalty imposition and the importance of aligning penalty decisions with quantum appeal results, emphasizing procedural requirements in income tax matters. en-us Tue, 29 Jan 2019 00:00:00 +0530 Thu, 31 Jan 2019 08:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374364 The Appellate Tribunal ITAT Ahmedabad allowed the Assessee's appeal against the penalty order under Section 271(1)(c) of the Income Tax Act, 1961 for AY 2009-10. The Tribunal set aside the CIT(A)'s decision to sustain the penalty, remanding the case for fresh consideration in light of the quantum appeal outcome. The judgment highlighted the necessity of a valid basis for penalty imposition and the importance of aligning penalty decisions with quantum appeal results, emphasizing procedural requirements in income tax matters. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374364