https://www.taxtmi.com/caselaws?id=378184 The High Court dismissed the appeal filed by the Assessee under Section 260-A of the Income Tax Act, remitting the penalty case back to the Assessing Officer for reconsideration of additions made. The Court held that the penalty issue should be decided after addressing the quantum additions, deeming the appeal premature and devoid of merits. The Tribunal's decision to initiate penalty proceedings after resolving quantum additions was upheld, emphasizing the connection between penalty imposition and quantum appeal outcomes. en-us Mon, 04 Mar 2019 00:00:00 +0530 Wed, 10 Apr 2019 07:08:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378184 The High Court dismissed the appeal filed by the Assessee under Section 260-A of the Income Tax Act, remitting the penalty case back to the Assessing Officer for reconsideration of additions made. The Court held that the penalty issue should be decided after addressing the quantum additions, deeming the appeal premature and devoid of merits. The Tribunal's decision to initiate penalty proceedings after resolving quantum additions was upheld, emphasizing the connection between penalty imposition and quantum appeal outcomes. Case-Laws Income Tax Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378184