https://www.taxtmi.com/caselaws?id=382183 The court set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 for AY 2014-2015 in response to a writ petition challenging the order. The matter was remitted back to the original authority by the ITAT. Counsel jointly proposed setting aside the penalty order and reviving penalty proceedings post remand. The court directed the respondent to redo the assessment in line with the ITAT's order and potentially initiate penalty proceedings based on the assessment outcome. The writ petition was disposed of without costs. en-us Tue, 11 Jun 2019 00:00:00 +0530 Thu, 27 Jun 2019 07:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382183 The court set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 for AY 2014-2015 in response to a writ petition challenging the order. The matter was remitted back to the original authority by the ITAT. Counsel jointly proposed setting aside the penalty order and reviving penalty proceedings post remand. The court directed the respondent to redo the assessment in line with the ITAT's order and potentially initiate penalty proceedings based on the assessment outcome. The writ petition was disposed of without costs. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382183