https://www.taxtmi.com/caselaws?id=280960 The appeal against the Income Tax Appellate Tribunal's order regarding penalty under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2002-03 was remanded back to the Tribunal for a decision on the merits. The Tribunal's decision was influenced by the Supreme Court's ruling in Virtual Soft Systems Ltd v. CIT and subsequent developments in case law. The matter was disposed of without a final decision on the penalty levy issue. en-us Wed, 17 Sep 2008 00:00:00 +0530 Tue, 28 May 2019 14:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280960 The appeal against the Income Tax Appellate Tribunal's order regarding penalty under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2002-03 was remanded back to the Tribunal for a decision on the merits. The Tribunal's decision was influenced by the Supreme Court's ruling in Virtual Soft Systems Ltd v. CIT and subsequent developments in case law. The matter was disposed of without a final decision on the penalty levy issue. Case-Laws Income Tax Wed, 17 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280960