https://www.taxtmi.com/caselaws?id=381022 The Tribunal allowed the assessee's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty matter was restored to the Assessing Officer following the restoration of the quantum appeal to maintain consistency. This decision enables the Assessing Officer to initiate penalty proceedings afresh if necessary after the quantum appeal is decided again. The appeal was allowed for statistical purposes, indicating the restoration of the penalty appeal for further proceedings. en-us Fri, 31 May 2019 00:00:00 +0530 Mon, 03 Jun 2019 09:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381022 The Tribunal allowed the assessee's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalty matter was restored to the Assessing Officer following the restoration of the quantum appeal to maintain consistency. This decision enables the Assessing Officer to initiate penalty proceedings afresh if necessary after the quantum appeal is decided again. The appeal was allowed for statistical purposes, indicating the restoration of the penalty appeal for further proceedings. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381022